The many new faces of Lebanese poverty

ENAR

No wonder the Lebanese would rather be Swiss. In a world where global average wealth, according to the 2019 global wealth report (GWR) by Credit Suisse, has approached $71,000 and the average net wealth of the Swiss was said to be top of the world at $565,000, the disparity between the average net wealth of a Lebanese adult and that of a Swiss adult would have been well over half a million dollars, with the Lebanese average net wealth estimated at $23,056 according to Credit Suisse’s GWR’s report at the end of June 2018. The main conceptual problem with such a dream when for the sake of the dream, not considering practical and legal barriers that any foreigner faces when seeking Swisshood – is the distorted perception of the fortune of the Swiss as demonstrated by a distance between their wealth and the fact that wealth and happiness are not