Springfield, MO

Log in Subscribe

The 1% grabbed 82% of all wealth created in 2017

Posted online

For every $10 worth of wealth created last year, the world's richest 1 percent grabbed $8, according to a new report from Oxfam International.

"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, executive director of Oxfam International.

The report also estimated the bottom 50 percent of the world's population saw no increase in wealth.

Read more from CNNMoney.


No comments on this story |
Please log in to add your comment
Editors' Pick

Business Spotlight: Worth its Weight

Two years into ownership, couple keeps giving spirit alive at Five Pound Apparel.

Most Read Poll