Monday, January 19, 2015

The 1% versus The Rest

The richest 1%’s share of global wealth increased from 44% in 2009 to 48% in 2014, the British charity said in a report, adding that it will be more that 50% in 2016.

Of the remaining 52%, almost all – 46% – is owned by the rest of the richest fifth of the world’s population, leaving the other 80% to share just 5.5% with an average wealth of US$3,851 per adult, the report says.

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