New estimates show that just eight men own the same wealth as the poorest half of the world. As growth benefits the richest, the rest of society – especially the poorest – suffers. Our economy must stop excessively rewarding those at the top and start working for all people.
Despite being one of largest economies, Brazil is listed as one of the most unequal countries in the world. Although it has left millions of people out of poverty over the last decades, it still faces a huge gap between the country’s richest and the rest of the population. Learn more and support Oxfam's work on inequality.
Since the turn of the century, the poorest half of the world’s population has received just 1% of the total increase in global wealth. Meanwhile, half the new wealth has gone to the richest 1%. To help reverse this trend, we need rapid growth of equitable business structures with purpose, fairness and sustainability embedded into their model.
This report provides a picture of the current state of poverty and economic inequality in Nigeria, identifies the main drivers of this situation and presents some policy solutions.
The Credit Suisse Global Wealth Report shows once again that economic inequality remains at shockingly high levels. The richest 1 percent now has as much wealth as the rest of the world combined.
Fighting inequality is not just an issue of fairness but an economic necessity. That’s not Oxfam speaking, but the International Monetary Fund today.
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...
Global wealth is increasingly concentrated in the hands of a small wealthy elite. This briefing explains Oxfam’s methodology and data sources and updates key inequality statistics.
Oxfam presents new evidence that the gap between rich and poor is growing ever wider and is undermining poverty eradication. This report delves into the causes of the inequality crisis and looks at the concrete solutions that can overcome it.
Extreme inequality is hurting us all - damaging economic growth, fuelling crime, and squandering the hopes and ambitions of billions who are trapped at the bottom with no way out.