Richest 1% will own two-thirds of global wealth by 2030

Richest 1% will own two-thirds of global wealth by 2030

A report by the UK House of Commons library has warned that the continued accumulation of wealth at the top will fuel growing distrust and anger over the coming decade unless action is taken to restore balance. According to the report, seen by The Guardian, if trends seen since the 2008 financial crash were to continue, then the top 1 percent will hold 64 percent of the world’s wealth by 2030.

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