Anti-poverty advocates on Tuesday implored world leaders to combat the massive wealth gap described in the annual Global Wealth Report released by Credit Suisse, which showed that the world’s richest one percent own just over half of the global wealth.
At the height of the global financial meltdown in 2008, the world’s richest people held 42.5 percent of the global wealth, compared with 50.1 percent today. Thirty-six million people with over a million dollars make up just 0.7 percent of the global population, but control 46 percent of the world’s $280 trillion dollars.
Meanwhile, 3.5 billion people who make up the world’s least wealthy adults each have assets of less than $10,000. These adults account for 70 percent of people who are of working age.
— source commondreams.org 2017-11-15