Swedish Millionaires on the Rise Put Finance Chief on Edge

  • Number of millionaires in Sweden has soared since early 2019
  • Swedish finance minister says K-shaped recovery a clear risk

Magdalena Andersson

Photographer: Mikael Sjoberg/Bloomberg
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Even the world’s most egalitarian region is grappling with a rising gap between rich and poor.

In Sweden, Finance Minister Magdalena Andersson says she sees an “obvious risk” of a so-called K-shaped recovery taking hold, with a privileged elite getting even wealthier while the most vulnerable lose income.