Nature | Why we need an International Panel on Inequality
Disparities in income and wealth are growing. A scientific assessment process can give governments the information they need to tackle them.
Increasing inequality demands action. The richest 10% of adults globally receive more than half (53%) of the world’s income, whereas the poorest half receives 8%. Wealth is even more concentrated, with the richest 10% owning around three-quarters of global wealth while the poorest half owns just 2%. Almost two-thirds of people live in countries where inequality is rising.
The consequences are well established. A growing body of research links higher income inequality to lower social mobility, poorer health outcomes, and slower economic growth. Unequal access to education, health care, housing and finance shapes the opportunities that direct people’s lives.
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