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The rich world’s savings glut

Gillian Tett

Financial Times

Kyiv’s attempt to crowdsource donations for fighter jets from the world’s super-rich suggests that a “sidebar” on page 62 of the IMF’s World Economic Outlook report – the “Saving Glut of the Rich” – deserves more attention, says Gillian Tett. It points out that a “substantial rise” in savings among the very richest Americans since the 1990s has coincided with rising indebtedness among the poor and rising income inequality – a trend