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A new report released on Monday by Oxfam warns that this deepening global inequality is unlike anything seen in recent years.

Using research from Credit Suisse and Forbes’ annual billionaires list, the anti-poverty charity was able to determine that the richest 1 percent of the world’s population currently controls 48 percent of the world’s total wealth.

If trends continue, Oxfam predicts that the most-affluent will possess more wealth than the remaining 99 percent by 2016, The New York Times reported.

http://www.huffingtonpost.com/2015/01/19/world-wealth-oxfam_n_6499798.html

11 thoughts on “Richest 1 Percent To Own More Than Half Of The World’s Wealth By 2016, Oxfam Finds”

  1. From the article:

    “Drill down the numbers even more and you’ll learn that the 80 wealthiest people in the world possess $1.9 trillion, which is almost the same amount shared by some 3.5 billion people at the bottom half of the world’s income scale.”

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  3. The wealthy suffer from an ‘empathy gap’ with the poor that is feeding a rise in inequality.

    “Wealth and income inequality have many causes, and it’s pretty much beyond dispute that any well-functioning capitalist society will have some degree of disparity between the richest and the poorest.

    It’s also beyond dispute that we are approaching a social consensus that wealth and income inequality in the United States today now threatens to seriously damage our social fabric.”

    http://theconversation.com/the-wealthy-suffer-from-an-empathy-gap-with-the-poor-that-is-feeding-a-rise-in-inequality-34226

    We are treading in dangerous territory. Such wealth literally changes the brain, and not in a good way.

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