A recently published survey created by Oxfam sheds light on the growing global wealth inequalities. the survey found:
- Nearly half of the world’s wealth is owned by just one percent of the population.
- The Wealth of the one percent richest people in the world amounts to $110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population.
- The bottom half of the population owns the same as the richest 85 people in the world.
- In the US, the wealthiest one percent captured 95 percent of the post-financial crisis growth since 2009, while the bottom 90 percent became poorer.
It also illustrates global issues that favor the elite and lead to systems of economic inequities. Oxfam has recommendations that focus on fair business practices, transparency and the payment of living wages. This survey should help to continue the conversation of the global disparity of wealth distribution and, hopefully help conversations that get to the systems that perpetuate inequality.
Data from “Working for the Few“, Oxfam International, 1/2014.