Distribution of Wealth
Oxfam Report
"The world’s 2,153 billionaires control more wealth than the poorest 4.6 billion people combined who comprise 60 percent of the globe’s population, according to a new report from Oxfam.
The report also says that the 22 richest men in the world have more wealth than all of the women in Africa. Women and girls perform 12.5 billion hours of unpaid care work daily, which Oxfam says adds $10.8 trillion annually to the global economy.
The globe’s richest 1 percent control more than twice the amount of wealth as 6.9 billion people, the report adds."
Global Scenario
- 3 Ways Humans Cause Poverty - Great historical overview of poverty creation. 4.3 Billion live below the UN-defined poverty line. [1].
- Other Economic Systems readings from Fastcoexist. - [2]
- 85 people are as wealthy as bottom half - [3]
- Super Rich - YouTube - [4]
- Evonomics - [5]
- Institute for New Economic Thinking - [6]
- Santa Fe Institute - [7]
- 4 Things About Poverty That You Probably Know but the Gates Don't - [8]
Distribution in America
https://www.youtube.com/watch?v=vttbhl_kDoo
Poverty Rate in the USA is Not Decreasingin the 21st Century
Since population is growing, absolute numbers of poor people are increasing.
From http://en.wikipedia.org/wiki/Poverty_in_the_United_States:
20% of the Richest People Own 80% of the Wealth
- from http://thesocietypages.org/graphicsociology/2009/05/27/champagne-glass-distribution-of-wealth/ :
Wealth Disparity has been Increasing since the 1940s
The Percentage of People in Abject Poverty ($1.25/day) is Decreasing Globally
- Taken from http://en.wikipedia.org/wiki/Poverty . Note: This is welcome news, but making $1.26+/day is not inspiring - opinion of wiki editor
The Global Distribution of Wealth Trend Depends on Country
- US, UK, China are clear increases in Gini coefficient (worse distribution of wealth).
This is the Gini Coefficient from Wikipedia:
