We finally have proof of the ‘rich-cession.’ The number of millionaires fell the most since the Global Financial Crisis of 2008, UBS says

A man walks away with a giant dollar bill, as it disintegrates (Credit: Nuthawut Somsuk/Getty Images)

We might be in a rich-cession after all. 

Last year marked the first time since the financial crisis of 2008 that global wealth declined year over year, according to UBS’s annual global wealth report.