However, the relative shares of wealth held by the richest and poorest have changed very little over the past decade or so, in contrast to the further widening in the distributions of wages, incomes, and consumption.
Again, central banks and other financial regulators and policy makers, have very critical roles to play to ensure that sound market practices are accompanied by robust consumer protection and financial education. It is vital that we encourage responsible financial inclusion. Furthermore, to understand these fast moving developments and adopt the right policies to address financial exclusion, we need more and better data.