1% people will be richer than the rest in the world by 2016
According to Oxfam – an anti-poverty charity agency, world’s wealthiest 1% people will be richer than the rest of the people by 2016.
The interesting as well as shocking findings have come out of the study by this organisation.
The agency warned that such kind of explosion in inequality is leading us back.
Facts about Global Wealth
- Today 1% wealthiest people owns 48% of the global wealth
- In 2009 the share was 44%
- The 1% group has an average wealth of $2.7 million
- 1 in 9 people don’t have enough to eat
- More than 1 billion people live on less than $1.25 a day.