Oxfam publication 'Wealth: having it all and wanting more'

(Brussels, 3 February 2015) Wealth: Having It All and Wanting More, a research paper published today by Oxfam, shows that the richest 1 percent have seen their share of global wealth increase from 44 percent in 2009 to 48 percent in 2014 and at this rate will be more than 50 percent in 2016. Members of this global elite had an average wealth of $2.7 million per adult in 2014. Of the remaining 52 percent of global wealth, almost all (46 percent) is owned by the rest of the richest fifth of the world’s population. The other 80 percent share just 5.5 percent and had an average wealth of $3,851 per adult – that’s 1/700th of the average wealth of the 1 percent. The international agency is calling on government to adopt a seven point plan to tackle inequality, including investment in universal, free public services such as health and education and the fair sharing of taxation. The report is available in English, French and Spanish at [http://www.oxfam.org/en/research/wealth-having-it-all-and-wanting-more->http://www.oxfam.org/en/research/wealth-having-it-all-and-wanting-more]