Richest 1 Percent To Own More Than Half Of The World's Wealth By 2016, Oxfam Finds

The rich keep getting richer, and by next year, just a handful of the upper-class will have accumulated more than half of the world's wealth.

A new report released on Monday by Oxfam warns that this deepening global inequality is unlike anything seen in recent years.

Using research from Credit Suisse and Forbes' annual billionaires list, the anti-poverty charity was able to determine that the richest 1 percent of the world's population currently controls 48 percent of the world's total wealth.

Click to read more...