Anti-poverty organization Oxfam has projected that the richest 1 percent of citizens will control more than half of the world's wealth by 2016.
The projections come as part of a new study on global inequality, designed to highlight the widening gulf between the world's poorest citiziens and richest citizens. According to Oxfam, the 80 wealthiest people in the world control $1.9 trillion — almost the same amount controlled by the 3.5 billion people on the bottom of the world income scale.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Quincy Jones, music icon, is dead at 91Speed Read The legendary producer is perhaps best known as the architect behind Michael Jackson's 'Thriller'
-
Moldova's pro-West president wins 2nd termSpeed Read Maia Sandu beat Alexandr Stoianoglo, despite suspicions of Russia meddling in the election
-
2024 race ends with swing state barnstormingSpeed Read Kamala Harris and Donald Trump held rallies in battlegrounds over the weekend
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
