'Inequality out of control' - 1% own as much as rest of world
Global Wealth Data Book 2015
Image by CreditSuisse
Responding to
"World leaders are talking big about tackling inequality but they have done nothing to disturb the 'trickle up' economics that benefits the rich but has left hundreds of millions of people around the globe without enough to eat. Without action to tackle the growing gap between the richest and the rest, we have little hope of ending extreme poverty.
"Eyebrows were raised when earlier this year Oxfam predicted that the richest 1 per cent would own more than the rest of us by 2016. The fact it has happened a year early - just weeks after world leaders agreed a global goal to reduce inequality - shows just how urgently world leaders need to tackle this problem."
Notes for editors
Credit Suisse Global Wealth Report: https://www.credit-suisse.com/ch/en/about-us/research/research-institute/publications.html
Oxfam: Richest 1% will own more than all the rest by 2016 http://www.oxfam.org.uk/blogs/2015/01/richest-1-per-cent-will-own-more-than-all-the-rest-by-2016
Jon Slater
Oxfam Head of News
