You could read that headline every day for the rest of your life, and it’d probably never fully sink in.
Here are some truly staggering numbers from Oxfam, who released a study on the world’s income disparity that is absolutely eye-popping. Just a run down of the bullet points is incredible:
- Nearly 50 percent of the world’s wealth is owned by one percent of the world’s population.
- The richest one percent of people in the world are worth about $110 trillion—65 times the sum total of wealth owned by the world’s poorest fifty percent.
- 7 in 10 people live in countries where income equality has decreased over the past thirty years.
- The total wealth of the world’s poorest 3.5 billion equals the wealth of the richest 85 individuals.