1% Predicted To Own Half Of World’s Wealth By 2016
Just when you think you have it all the world’s richest 1% are there to tell you otherwise. The world’s richest 1% are predicted to have quite a profitable year, and by 2016 will likely own half of the worlds wealth.
Just sit and think about that for a second, it’s mind-blowing!
To put it into perspective a billion of the world’s people live on less than $1 per day. Seeing such a drastic difference is classes, many wonder do we really want to live in a world where the richest 1% own half the worlds wealth while people are out there starving?
When leaders gather at the world economic forum in Switzerland you better believe this will be a hot topic!
Anita Sharma
January 20, 2015
Newsrichest 1 percentrichest 2016 wealthrichest half worldrichest world wealthstudy richest worldwealthiest 2016wealthiest half wealthwealthiest half worldworld news
Twistity Sports Exclusive: DEFLATEGATE
Larry Weisman
-
Jan 21, 2015
-
Despite ongoing concerns, the US job market is moving in the right direction. The United States economy is still...
-
American Airlines will buy 20 supersonic planes from Boom. Recently, commercial air carrier American Airlines and supersonic aircraft manufacturer...
-
Shareholders have accused Musk of enriching himself to the company’s detriment. In the midst of his ongoing revamp of...
-
Without pandemic-era loan accommodation, borrowers are falling behind. During the height of the COVID-19 pandemic, numerous aid and accommodation...
-
As Twitter changes hands, policies change as well. As of last Friday, social platform Twitter is officially the property...
-
Remote workers have brought in a tidy sum for several major carriers. While the COVID-19 pandemic has reached a...
-
The CPI rose another 0.4% in September. For the past several months, the United States Federal Reserve has been...
-
Musk appears to be backing down from his legal threats. For the last several months, Tesla CEO Elon Musk...
-
Amazon is looking to start the holiday shopping season even earlier this year. Typically, online retail giant Amazon holds...
-
Home Depot still maintains a healthy customer base despite economic concerns. Ongoing concerns of inflation have done a number...
-
A railway strike would severely impact the US economy. This week, representatives of the National Railway Labor Conference and...
-
Customers have been tipping less generously as pandemic restrictions relax. At the height of the COVID-19 pandemic, when many...