Global Wealth Distribution

“The richest 1% of adults in the world own 40% of the planet’s wealth,” reports London’s Guardian. “Those in financial services and the internet sectors predominate among the super rich,” states the newspaper. A UN study finds that 37 percent of the richest live in the United States, 27 percent in Japan, and 6 percent in the United Kingdom. The poorest half of the world’s adult population own barely 1 percent of its wealth. According to Duncan Green, head of research at Britain’s charity Oxfam, “these levels of inequality are grotesque. . . . It is impossible to justify such vast wealth when 800 million people go to bed hungry every night.”

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