Springfield, MO

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

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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.


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