85 People Are as Wealthy as Half the World, Oxfam Reports
HuffPost, Posted: 01/21/2014 11:52 pm EST | Updated: 01/22/2014 7:02 am EST
Worldwide economic inequality is looking rather bleak these days, according to a new report by relief organization Oxfam.
Oxfam's "Working For The Few" report looked at Credit Suisse's "Global Wealth Report 2013" and Forbes' list of the world's billionaires from 2013 to conclude that 1 percent of the global population controls half of the world's wealth.
The report also found that the world's 85 richest people own the same amount as the bottom half of the entire global population.
The ramifications of such inequality may be dire, the report suggests.
(More here.)
Worldwide economic inequality is looking rather bleak these days, according to a new report by relief organization Oxfam.
Oxfam's "Working For The Few" report looked at Credit Suisse's "Global Wealth Report 2013" and Forbes' list of the world's billionaires from 2013 to conclude that 1 percent of the global population controls half of the world's wealth.
The report also found that the world's 85 richest people own the same amount as the bottom half of the entire global population.
The ramifications of such inequality may be dire, the report suggests.
(More here.)
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