Post
Topic
Board Economics
Re: Is it true that 80% of the world's wealth in the hands of 20%?
by
axxo
on 19/05/2023, 13:18:26 UTC
According to various studies and world inequality report 2018, large portion of world's wealth is concentrated  in the hands of small portion of population, while the bottom 50% holds less than 2%. This distribution of wealth is highly unequal and cause of concern for many people, as it contributes to social and political unrest all over the world.

What governments can do to make it more equitable?


https://wir2018.wid.world/

Yes, based on the statistics that is a commonly cited known as the Pareto principle or most commonly known as the 80/20 rule. Roughly 80% of the worlds wealth is controlled by 20% of the existing population. But still it is important for to let us know that the existing statistics can be different depending on who conducted the statistical data and of course the specific definition of wealth. If we will base on that statistical data i agree that there is a highly unequal distribution of wealth maybe that 20% is more capable to increase their wealth compare to the 80% who are having hard time earning their wealth.