“Our new report about the state of inequality in the world reveals how our economy is delivering unimaginable rewards for those at the top by exploiting millions of ordinary workers at the bottom…Last year saw the biggest increase in billionaires in history, one more every two days. This huge increase could have ended global extreme poverty seven times over. 82% of all wealth created in the last year went to the top 1%, and nothing went to the bottom 50%. Dangerous, poorly paid work for the many is supporting extreme wealth for the few. Women are in the worst work, and almost all the super-rich are men. Governments must create a more equal society by prioritizing ordinary workers and small-scale food producers instead of the rich and powerful.”

“The inequality crisis is worsening. 82 percent of the wealth created last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of humanity got nothing. Our broken economy is widening the gap between rich and poor. It enables a small elite to accumulate vast wealth at the expense of hundreds of millions of people, often women, who are scraping a living on poverty pay and denied basic rights.”

See also The New York Times – The U.S. Can No Longer Hide From Its Deep Poverty Problem

See also the Washington Post – Why it costs so much to be poor in America