Zimbabwe: Inequality Levels Unsustainable

analysis

The old saying that the rich are getting richer and the poor are getting poorer continues to manifest itself globally.

A recent report by anti-poverty organisation Oxfam revealed that, based on data from the Credit Suisse Global Wealth Datebook 2013 and 2014, and the Forbes' billionaires list, much of the world's wealth is in the hands of just 1% of the world's population. Oxfam went on to say that those in this top tier had seen their share of wealth increase from 44% in 2009 to 48% in 2014 and is poised to reach 50% in 2016. They found that the wealthiest 80 individuals have the same wealth as 3,5 billion people or 50% of the world's population.

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