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Just 0.001% hold three times the wealth of poorest half of humanity, report finds (www.theguardian.com)
submitted 1 day ago* (last edited 1 day ago) by HellsBelle@sh.itjust.works to c/world@lemmy.world
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Fewer than 60,000 people – 0.001% of the world’s population – control three times as much wealth as the entire bottom half of humanity, according to a report that argues global inequality has reached such extremes that urgent action has become essential.

The authoritative World Inequality Report 2026, based on data compiled by 200 researchers, also found that the top 10% of income-earners earn more than the other 90% combined, while the poorest half captures less than 10% of total global earnings.

Wealth – the value of people’s assets – was even more concentrated than income, or earnings from work and investments, the report found, with the richest 10% of the world’s population owning 75% of wealth and the bottom half just 2%.

In almost every region, the top 1% was wealthier than the bottom 90% combined, the report found, with wealth inequality increasing rapidly around the world.

“The result is a world in which a tiny minority commands unprecedented financial power, while billions remain excluded from even basic economic stability,” the authors, led by Ricardo Gómez-Carrera of the Paris School of Economics, wrote.

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[-] Maggoty@lemmy.world 2 points 1 day ago

Put the litmus test away. PPP is a real thing and pretending it isn't is not going to earn you any friends. A two bedroom condo in the US is easily 600,000 USD. The problem isn't the people trying to get off the rental treadmill it's the people making prices that high so we need high wages to live. In other words, the elite in the wealthiest countries are fucking everyone over, not just Panamanian farmers.

[-] the_q@lemmy.zip 3 points 1 day ago

No it's the billionaires and also the millionaires that own only a few houses or apartments because we've allowed basic necessities to become paths to financial security. Those non billionaires are benefiting from the same mechanisms the elite have installed, but get less flack because their level of wealth doesn't seem as bad. Someone making $32k a year or less is getting screwed harder than someone making $132k by the system that makes the $1m+ a year club.

[-] Maggoty@lemmy.world 1 points 20 hours ago

Nobody is disputing that.

this post was submitted on 10 Dec 2025
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