The findings are from Oxfam.
The theory that “money follows money” is bang on according to the latest figures released by the Oxfam charity today.
They say that the richest one percent of the world’s population will own over 50% of global wealth by next year.
The gap between rich and poor seems to be widening all the time as the one percent’s wealth has jumped from 44% to 48% in five years. It’s on the rise.
The one percent are doing pretty well for themselves, as each person in that bracket is worth €2.3 million on average.
The rest of the richest five percent currently own 46% percent of the global wealth, which means the other 80% of the world’s population share around 5.5% of global wealth between them.
The average worth of people in the lowest bracket is €3,330.
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