Wealth of top 1% crosses $40 trillion in past decade: Oxfam
Average wealth per person in the top 1% rose by nearly $400,000 in real terms over last decade vs $335 for a person in the bottom half
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Richest 1% emit as much planet-heating pollution as 5 bn people: Oxfam
Ahead of the UN Climate Summit in Dubai, the Oxfam report says carbon emissions of 1% richest are enough to cause 1.3 million excess deaths due to heat
Richest 5% Indians own over 60% of India's wealth: Oxfam
As per the report, between April 2020 and November 2022, the wealth of billionaires in India surged by 121% or ₹3,608 crore per day.
Women, unemployed, rural poor lagging due to digital divide: Oxfam India
The report says India’s growing socio-economic inequalities are being widely replicated in the digital space.
Family philanthropy funding triples: Report
But a decline in revenue and profitability will impact Indian corporations’ ability to contribute to the social sector through CSR activities.
Top 1% hold almost half the wealth in India: Oxfam
The divide in wealth is based on a “flawed and sexist economic system” which does not value the unpaid and underpaid care work that is primarily done by girls and women globally, says its report.
