Oxfam: Richest 1 Percent Own More Than the Rest Combined
This isn’t fair. The world’s 62 richest people — enough to fill one luxury bus — have more cash than the poorest 3.6 billion, and the wealthiest 1 percent own more than everyone else combined. These figures, according to charity Oxfam, signal “runaway inequality” that’s seen the average annual income of the poorest 10 percent rise by less than $3 over the last quarter century. As global leaders prepare for this week’s World Economic Forum in Davos, Switzerland, Oxfam recommends they take action to eliminate extreme poverty.