{"id":140783,"date":"2014-10-14T17:28:43","date_gmt":"2014-10-14T17:28:43","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/?p=140783"},"modified":"2014-10-14T17:28:43","modified_gmt":"2014-10-14T17:28:43","slug":"richest-1-people-nearly-half-global-wealth","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/money\/richest-1-people-nearly-half-global-wealth\/","title":{"rendered":"Richest 1% of people own nearly half of global wealth"},"content":{"rendered":"<p><strong><em>Credit Suisse study shows inequality accelerating, with NGOs saying it shows economic recovery \u2018skewed towards wealthy\u2019<\/em><\/strong><\/p>\n<p><em>Jill Treanor<\/em><\/p>\n<p>The richest 1% of the world\u2019s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.<\/p>\n<p>According to the <a href=\"https:\/\/publications.credit-suisse.com\/tasks\/render\/file\/?fileID=60931FDE-A2D2-F568-B041B58C5EA591A4\">Credit Suisse global wealth report<\/a> (pdf), a person needs just $3,650 \u2014 including the value of equity in their home \u2014 to be among the wealthiest half of world citizens. However, more than $77,000 is required to be a member of the top 10% of global wealth holders, and $798,000 to belong to the top 1%.<\/p>\n<p>\u201cTaken together, the bottom half of the global population own less than 1% of total wealth. In sharp contrast, the richest decile hold 87% of the world\u2019s wealth, and the top percentile alone account for 48.2% of global assets,\u201d said the annual report, now in its fifth year.<\/p>\n<p>The report, which calculates that total global wealth has grown to a new record \u2014 $263tn, more than twice the $117tn calculated for 2000 \u2014 found that the UK was the only country in the G7 to have recorded rising inequality in the 21st century.<\/p>\n<p>Its findings were seized upon by anti-poverty campaigners Oxfam which<a href=\"http:\/\/www.theguardian.com\/business\/2014\/jan\/20\/oxfam-85-richest-people-half-of-the-world\">published research at the start of the year showing that the richest 85 people across the globe share a combined wealth of \u00a31tn<\/a>, as much as the poorest 3.5 billion of the world\u2019s population.<\/p>\n<p><a href=\"http:\/\/www.theguardian.com\/business\/2014\/oct\/14\/richest-1percent-half-global-wealth-credit-suisse-report\" target=\"_blank\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit Suisse study shows inequality accelerating, with NGOs saying it shows economic recovery \u2018skewed towards wealthy\u2019 Jill Treanor The richest 1% of the world\u2019s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession. According to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":140784,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487,52],"tags":[],"class_list":{"0":"post-140783","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaking-news","8":"category-money"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/140783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=140783"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/140783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/140784"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=140783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=140783"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=140783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}