The McKinsey Global Institute reports that $600 trillion of wealth is tied to productivity or inflated asset prices, benefitting the wealthy. This wealth accumulation is due to asset bubbles, raising concerns about wealth distribution and economic productivity. The top 1% holds at least 20% of global wealth, with concentration growing in the U.S. and Germany. Financial markets are in an “everything bubble” due to easy monetary policies, posing risks of inflation and asset bubbles. The future of wealth accumulation hinges on productivity growth to balance wealth and economic growth. The current system favors asset owners, exacerbating wealth inequality.

Read more at Yahoo Finance: The Asset Bubble No One’s Talking About That’s Making the Rich Insanely Rich