The haves and have nots: The impact of the widening gap between the rich and poor

The Haves and Have nots: the impact of the widening gap between the rich and poor’ looks at the growing global trend of fiscal inequality.
Driven by factors such as employment patterns, disproportionate earnings, urbanisation and rising prices countries including the US, Mexico, South Africa, Brazil and China are highly divided, with large gaps between haves and have nots. Globally, the ‘haves’ including around 11M high-net worth individuals whose consumption helps to drive sales of luxury goods, travel, education, leisure and clothing. Have nots spend most of their money on essentials such as food, housing, and non-alcoholic drinks, as well as on alcohol, tobacco and mobile phones. Income inequality will continue to grow in emerging markets and brands may become more polarised between premium and...

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