The richest 2% of adults in the world own more than half of all household wealth, according to a new study by a United Nations research institute.
The report, from the World Institute for Development Economics Research at the UN University, says that the poorer half of the world’s population own barely 1% of global wealth.
It’s an astonishing fact being reported by the BBC. There’s more than enough information in this single statement by itself to make all of us experience a moment of startled surprise.
The converse though if even more sobering. Half of the people in the world have access to less than 1% of the world’s resources in aggregate. And from what I am given to understand, if the present trends continue, this is inequity is rapidly (exponentially?) getting worse.
There’s more than one Advent sermon in this simple statement.