Ask students to fill in the blank: A new report finds that by 2016, the richest 1% of the world’s people will own _______ % of the world’s wealth.
Ask: How much wealth do you think the richest 1% SHOULD own?
An analysis by the group Oxfam released on January 19, 2015, found that if current trends continue, the richest 1% of the world’s people will own more than half the world’s wealth by 2016. They currently own 48%. Oxfam proposes nine ways to reduce inequality.
Wealth: Having It All and Wanting More (Oxfam, January 2015)
Optional follow up question:
In the U.S., how much wealth do the richest 1% own?
Answer: 42% (Source: http://www.cbpp.org/cms/index.cfm?fa=view&id=5259)