Tuesday, December 5, 2006

Richest 2% own 'half the wealth'

The richest 2% of adults in the world own more than half of all household wealth, according to a new study by a United Nations research institute.
The report, from the World Institute for Development Economics Research at the UN University, says that the poorer half of the world's population own barely 1% of global wealth.
There have of course been many studies of worldwide inequality.
But what is new about this report, the authors say, is its coverage.

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