Extreme Wealth and Extreme Poverty

goldThe net income of the top 100 billionaires in the world is enough to end extreme poverty four times over! This is according to a report by the charity Oxfam entitled “The Cost Of Inequality: How Wealth And Income Extremes Hurt Us All,”. The report states that efforts to address the issue of global poverty were being hindered by what it terms an “explosion in extreme wealth.”

  • The total income of the world’s richest had a income of $240 billion (£150 billion) or a average of $2.4 billion each
  • Around a billion people live in extreme poverty which is defined as an income of $1.25 per day, or $450 (£300) a year. This represents 0.000002% of the top ‘earners’ income. Continue reading “Extreme Wealth and Extreme Poverty”
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