This is the 3rd edition of the report after 2018 and 2022, prepared by the World Inequality Lab.
Key Findings of the Report
- Global Wealth Concentration: Top 1% control 37% and top 10% share 75% of all global wealth.
- India: Top 1% holds about 40% and top 10% hold around 65% of total wealth.
- Global Income Concentration: Top 10% share 53% of global income.
- India: Top 1% earns around 23% and top 10% capture 58% of national income.
- Wealth Growth: Since the 1990s, the wealth of billionaires has grown (at 8%) nearly twice the rate of bottom half of the population.
- Climate Inequality:Top 10% account for 77% of carbon emissions, while the poorest half accounts for only 3%.
- Structural Imbalance: Each year Global South transfer more than 1% of world GDP to Global North through debt service, profit repatriation, and financial flows (3 times more than development aid).
Policy Recommendations in the Report
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