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posted by
martyb
on Saturday January 27 2018, @12:43PM
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
The 1% grabbed 82% of all wealth created in 2017
More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
Oxfam says the trend shows that the global economy is skewed in favor of the rich, rewarding wealth instead of work.
"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, executive director of Oxfam International.
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Only 1% of World's Population Grabbed 82% of all 2017 Wealth
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(Score: 2) by mmcmonster on Saturday January 27 2018, @04:37PM (1 child)
Worldwide Top 1% Income = $32,400
Worldwide Top 1% Wealth = $770,000
Most people don't have a lot of money.
Obviously the top 1% wealth is skewed upwards dramatically by the billionaires.
(Score: 1) by Sulla on Saturday January 27 2018, @05:34PM
I was wonderng about this as well, at 350 million the US is about 5% of the worlds population? US average income in 2015 was 67.5k, so more than double the average of the worlds top 1%. So looks like almost all the wealth growth in the past year was American.
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