Fat cats grab the most
The richest 0.1 percent of the world’s population have increased their combined wealth by the same amount as the poorest 50 percent since 1980, says the World Inequality Report, published in December. Around 76,000 people — the 0.001 percent — grabbed 4 percent of the all new wealth created over the past four decades. The richest 5 percent in the UK have an average wealth of £3.7 million, compared with £68,000 for the bottom 90 percent.
Preparing for Trump