The report adds however that parental financial help and inheritance may come to their aid. "Inheritances are expected to have more significant wealth distribution consequences in future, probably adding to the inequality pressures from other sources."
Crazy Rich Asians indeed: Half of Singapore form 10% of the world's wealthiest
According to a Credit Suisse Research Institute report, 207,000 millionaires reside in Singapore and 5% of them are also part of the world's richest 1% of people
FPJ Web DeskUpdated: Wednesday, November 06, 2019, 10:24 AM IST
The report compared the household wealth of 5.1 billion people worldwide with the world's three richest nationalities, Switzerland, Hong Kong and the United States |
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