The top 1% has seen its wealth soar by $42 trillion over the past decade, according to a new analysis by Oxfam International, which is being released ahead of the G20 finance ministers and central bank governors’ meeting in Brazil. That’s nearly 34 times more than the bottom 50% of global population.
Who are the 1%?
The answer might surprise you It’s official: half of the world’s wealth is now owned by the top 1%. Escalating levels of global inequality over recent years have led to the top percentile of wealth holders now possessing 50.4% of all household wealth, according to a new report by Credit Suisse.
Could a tenth of your income transform the world?
Lots of Americans are in the global 1%. A tenth of their income could transform the world. How people like you could wipe out extreme poverty and prevent the next pandemic. Sigal Samuel is a senior reporter for Vox’s Future Perfect and co-host of the Future Perfect podcast.
