01/22/2018

We're Ignoring a Huge Gender Component to Income Inequality

The Oxfam report shows just how far there is to go

Oxfam’s new report on global inequality contains a barrage of startling, depressing statistics including:

• 82 percent of all wealth generated in the last year went to the top 1 percent.
• The bottom 50 percent saw no benefits from growth at all.
• The world’s billionaires saw their fortunes swell by $762 billion in just a year.
• The richest 1 percent hold more wealth than the whole of the rest of humanity.

Yet perhaps the most crucial fact highlighted in the report is this: "Women provide $10 trillion in unpaid care annually to support the global economy."

Women’s marches took over major US cities over the weekend, and were echoed overseas. The Oxfam report shows just how far there is to go.

Please click here to read the complete article from Business Insider.