The Ultra Rich Are Hoarding Cash As Inequality Anger Simmers

http://www.businessinsider.com/r-cash-stash-may-reflect-fear-of-wealth-going-out-of-fashion-2014-25



LONDON (Reuters) - As tension over inequality simmers, persistent cash hoarding by multinationals and the super-rich may be one measure of how seriously attempts at remedial action are being taken.
The political heat over soaring income and wealth gaps in the United States, Britain and much of the developing world has built up since the credit shock and global recession of 2008/09.

Even though protest groups such as Occupy failed to gain traction much beyond 2011, the evidence of inequality continuing to balloon so soon after such a seismic economic bust has refocussed the minds of economists, politicians and voters.

There's little doubt the richer are getting much richer.

Last week's annual CapGemini/RBC survey of investors worldwide showed the number of households with more than $1 million in investable wealth rose almost 15 percent to 13.7 million in the year through 2013. Their total wealth rose almost 14 percent to $53 trillion, it estimated.



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