On November 25, 2016 Market Watch reported that the chasm between rich and poor continues to widen.
“According to the Credit Suisse Global Wealth Report, a mere 0.7% of the global population owns nearly half the world’s wealth. At the other end, 73% of the popular have less than $10,000 each.
Oxfam International’s Max Lawson, in a response to the study, says inequality has reached “shockingly” high levels, and changes need to be made. ‘This huge gap between rich and poor is undermining economies, destabilizing societies and holding back the fight against poverty,” he said. “Governments must act now by cracking down on tax dodging, increasing investment in public services and boosting the income of the lowest paid.’”
You may read the article on the Market Watch internet site.