‘For every person with more than $30 million, there are over 4800 people living in extreme poverty.’ The wealth gap keeps growing as the world’s richest get richer at the expense of the poor, according to a new study released this week by an alliance of major organizations. The World Wealth Report from Oxfam, Greenpeace, and Read More…
Tag: Global wealth gap
Richest 62 billionaires as Wealthy as Half the World Population Combined
“Wealth is moving rapidly to concentrate at the tippy, tippy top of the pyramid,” said Gawain Kripke, the director of policy and research at Oxfam America. The world’s 62 richest billionaires have as much wealth as the bottom half of the world’s population, according to a new report from Oxfam International. Wealth inequality has been an Read More…
Ever Increasing Global Wealth Gap
What the hell is going on in the world? There is really not much else to say after reading the recent Credit Suisse Global Wealth Report, which states that the top 1% of the world’s population owns half of all global wealth. The “one percent” own half, while the bottom 50% of the world’s population Read More…