BBC World Service reports that – Richest 2% own ‘half the wealth’ and rest all of us fight in 50%. No wonder the people at the top of the tree are enjoying the best things in life.
“Wealth” has come to mean an abundance of items of economic value, or the state of controlling or possessing such items, and encompasses money, real estate and personal property. In many countries wealth is also measured by reference to access to essential services such as health care, or the possession of crops and livestock.
Report findings
=> The report, from the World Institute of Development Economics Research at the UN University, says
=> The poorer half of the world’s population own barely 1% of global wealth
=> The richest 2% of adults in the world own more than half of all household wealth(
Wealth is heavily concentrated in North America, Europe and some countries in the Asia Pacific region, such as Japan and Australia.
=> These countries account for 90% of household wealth.
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