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Global wealth inequality is growing, the report indicates. Low-income countries’ share of global wealth has changed little from 1995 to 2018, remaining below 1% of the world’s wealth, despite having around 8% of the world’s population. Over one-third of low-income countries saw declining wealth per capita.
Dec 10, 2021 · On average, an individual from the top 10% will earn $122,100, but an individual from the bottom half will earn just $3,920. And, when it comes to wealth (valuable assets and items over and above income), the gap is even wider. The poorest half of the global population owns just 2% of the global total, while the richest 10% own 76% of all wealth.
- ‘The one per cent’ winners take (almost) all. The study shows that the richest one per cent of the population are the big winners in the changing global economy, increasing their share of income between 1990 and 2015, while at the other end of the scale, the bottom 40 per cent earned less than a quarter of income in all countries surveyed.
- Four global forces affecting inequality. The report looks at the impact that four powerful global forces, or megatrends, are having on inequality around the world: technological innovation, climate change, urbanization and international migration.
- Opportunities in a crisis. As the UN’s 2020 report on the global economy showed last Thursday, the climate crisis is having a negative impact on quality of life, and vulnerable populations are bearing the brunt of environmental degradation and extreme weather events.
- Migration a ‘powerful symbol of global inequality’ The fourth megatrend, international migration, is described as both a “powerful symbol of global inequality”, and “a force for equality under the right conditions”.
Global Wealth Inequality. According to the UBS Global Wealth Report, in 2023 the world’s richest 1 percent, those with more than $1 million, owned 47.5 percent of all the world’s wealth – equivalent to roughly $214 trillion. Adults with less than $10,000 make up nearly 40 percent of the world’s population, but hold less than 1 percent ...
Dec 18, 2023 · 2023 in Nine Charts: A Growing Inequality. If 2022 was a year of uncertainty, 2023 is the year of inequality. For countries hoping to bounce back from the devastating losses of the COVID-19 pandemic, the battle has been made tougher by the compounding threats of climate change, fragility, conflict and violence, or food insecurity, to name a few ...
Jan 16, 2023 · Global inequality has gotten worse, with the richest 1% grabbing nearly two-thirds of the $42 trillion of wealth newly-created since 2020. Inequality is destroying society and it is not inevitable; it is a choice that reveals us as lacking in both empathy and imagination. Our leaders need to imagine new economic processes and structures to ...
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What is the World Inequality Report?
the global increment in wealth, while the bottom 50% captured a frightening 2%. The share of wealth owned by the global top 0.1% rose from 7% to 11% over that period and global billionaire wealth soared. With the boom in the stock market, the picture does not seem to be getting better. And yet, as the report makes clear, there is no case
