Just 0.001% hold three times the wealth of poorest half of humanity, report finds
NegativeFinancial Markets
- A recent report from the World Inequality Report indicates that just 0.001% of the global population, approximately 56,000 individuals, control three times the wealth of the poorest half of humanity. This stark disparity highlights the extreme levels of global inequality that have reached alarming proportions, necessitating urgent action.
- The findings underscore the growing concentration of wealth among a tiny elite, raising concerns about the sustainability of economic systems that allow such disparities to persist. The report reveals that the top 10% of income earners earn more than the remaining 90% combined, while the poorest half captures less than 10% of total global earnings.
- This situation reflects broader economic trends, including the increasing number of billionaires, many of whom acquire their wealth through inheritance, further entrenching wealth inequality. The implications of such disparities extend beyond economics, influencing social stability and access to resources, and prompting calls for systemic reforms to address these inequities.
— via World Pulse Now AI Editorial System
