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Billionaire wealth has risen three times faster in 2024 than in 2023. At least five trillionaires are now expected within a decade. Meanwhile, the number of people living in poverty has barely changed since 1990. Inequality is out of control.

Oxfam spokesperson Elizabeth Stuart said:

Fifty of the world’s richest billionaires on average produce more carbon through their investments, private jets and yachts.

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 gap between the richest and the rest in Indonesia has grown faster in the past two decades than in any other country in South-East Asia. This report shows how President Jokowi could fight inequality by enforcing a living wage for all workers, increasing spending on public services, and making big corporations and rich individuals pay their fair share of tax.

Emma Seery, Oxfam's spokesperson, said:

In response to the Organization for Economic Co-operation and Development's (OECD) latest report on inequality, In It Together: Why Less Inequality Benefits All, Oxfam’s Senior Policy Advisor Claire Godfrey said:“There is nothing surprising in the OECD’s latest report on inequality...

A Brazilian earning the minimum wage would have to work for 19 years to earn as much as what a rich person in the country's top 0.1 percent makes in one month, according to new Oxfam research.

Every country in the world is experiencing an economic shock as a result of the Coronavirus crisis, and all governments must act now to protect their people from destitution. Unless dramatic action is taken to shore up the economies of developing countries, the crisis could push as many as half a billion people into poverty.

The Covid-19 pandemic has revealed and worsened the depth of inequality in West Africa. It has pushed millions into poverty. However, the pandemic offers West African governments a once-in-a-generation opportunity to invest heavily in inequality-busting policies by boosting public spending, making tax systems more progressive, and tackling joblessness and precarious work.