Tuesday, April 10, 2018

The 1% will own 64% of the world's wealth

That's what a study by England's House of Commons concludes. The study says that that if trends seen since the 2008 financial crash were to continue, then the top 1% will hold 64% of the world’s wealth by 2030. 

According to the study, since 2008, the wealth of the richest 1% has been growing at an average of 6% a year double that of  the remaining 99% of the world’s population.  

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