On January 18, 2016 The Guardian announced that Oxfam published a report documenting dramatically increasing concentration of wealth and income inequality during the past five years. According to the report, “An Economy for the 1%,’ published in advance of the World Economic Forum in Davos, “the wealth of the poorest half of the world’s population – that’s 3.6 billion people – has fallen by a trillion dollars since 2010. This 38 per cent drop has occurred despite the global population increasing by around 400 million people during that period. Meanwhile the wealth of the richest 62 has increased by more than half a trillion dollars to $1.76tr. Just nine of the ’62’ are women.”
You may read the article on The Guardian internet site.
You may read the report on the Oxfam internet site.