Richest 1% Predicted To Own Half Of World’s Wealth By 2016
Geo Beats
2015-01-19
Views 40
The world’s richest 1% are predicted to have quite a profitable year, and by 2016 will likely own half of the world’s wealth.
The world’s richest 1% are predicted to have quite a profitable year, and by 2016 will likely own half of the world’s wealth.
That forecast was delivered in the report ‘Wealth: Having It All and Wanting More.’
It was compiled by the international charity Oxfam using data from both the Forbes list of billionaires and research conducted by Credit Suisse.
In reference to their findings, the organization warned that the quick expansion of such concentrated wealth is a detriment to the work of combatting poverty worldwide.
Around a billion of the planet’s citizens live on less than a dollar and twenty-five cents a day.
Said Oxfam’s executive director, "Do we really want to live in a world where the one percent own more than the rest of us combined…The poor are hurt twice by rising inequality — they get a smaller share of the economic pie and because extreme in
The world’s richest 1% are predicted to have quite a profitable year, and by 2016 will likely own half of the world’s wealth.
That forecast was delivered in the report ‘Wealth: Having It All and Wanting More.’
It was compiled by the international charity Oxfam using data from both the Forbes list of billionaires and research conducted by Credit Suisse.
In reference to their findings, the organization warned that the quick expansion of such concentrated wealth is a detriment to the work of combatting poverty worldwide.
Around a billion of the planet’s citizens live on less than a dollar and twenty-five cents a day.
Said Oxfam’s executive director, "Do we really want to live in a world where the one percent own more than the rest of us combined…The poor are hurt twice by rising inequality — they get a smaller share of the economic pie and because extreme in
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