McKinsey Global Institute reports that $600 trillion of wealth rests on productivity or price highlights that much of the rise in value has been driven by asset prices often outpacing underlying economic growth, leaving asset value gains (real estate, equities) that disproportionately accrue to the wealthy, according to McKinsey Global Institute.
This unprecedented accumulation reveals an uncomfortable truth: Much of today’s wealth isn’t built on economic productivity but on inflated asset prices that primarily benefit those who already own significant assets.
