Wednesday, December 6, 2006


40% of world’s wealth owned by 1% of population

`The richest one per cent of the world’s population owns 40 per cent of the total household wealth, while the bottom half of the world makes do with barely one per cent, according to a research report released Tuesday.

The study, which further underlined the continuing disparity between rich and poor, is by the Helsinki-based World Institute for Development Economics Research, part of the United Nations University. [..]

In contrast, 50 per cent of adults owned barely one per cent of the household wealth.’

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