JakartaPost-July 12

Wealth inequality in Indonesia fell during the first year of the pandemic as the rich earned less from the stock market and the wealth share of adults in the middle and poorest groups expanded amid shrinking debts. The richest 10 percent held around two-thirds of wealth last year, down from 74.1 percent in 2019, according to the latest global wealth report from Swiss investment bank Credit Suisse. At the same time, the wealth share of adults in the middle expanded to 2.2 percent from 1.5 percent. The portion of wealth held by the poorest 40 percent also expanded slightly.

Read more at: https://www.thejakartapost.com/paper/2021/07/12/wealth-gap-narrows-in-indonesia-as-stock-market-slumps-house-prices-grow.html.