{"id":4376,"date":"2025-06-26T15:58:30","date_gmt":"2025-06-26T15:58:30","guid":{"rendered":"http:\/\/developeternal.com\/?p=4376"},"modified":"2025-06-28T02:26:51","modified_gmt":"2025-06-28T02:26:51","slug":"worlds-richest-1-could-end-poverty-22-times-oxfam","status":"publish","type":"post","link":"http:\/\/developeternal.com\/index.php\/2025\/06\/26\/worlds-richest-1-could-end-poverty-22-times-oxfam\/","title":{"rendered":"World\u2019s richest 1% could end poverty 22 times \u2013 Oxfam"},"content":{"rendered":"

The world\u2019s wealthiest have seen their fortunes increase by $33.9 trillion over the past decade, according to the anti-poverty charity<\/strong><\/p>\n<\/p>\n

The richest 1% of the people on Earth have gained over $33.9 trillion in real terms since 2015, according to a new report by UK-based anti-poverty group Oxfam.<\/p>\n

The amount is enough to end extreme poverty 22 times over, based on the World Bank’s highest income threshold of $8.30 per person per day.<\/p>\n

Approximately 3,000 billionaires worldwide have collectively increased their wealth by $6.5 trillion over the past decade, bringing their total net worth to 14.6% of global GDP, the report claims.<\/p>\n

Oxfam argues that while personal wealth has skyrocketed, efforts to reduce poverty have significantly stalled.<\/p>\n

According to the report, wealthy nations are making the steepest cuts to life-saving development assistance since 1960.<\/p>\n

\n Read more<\/strong><\/span><\/p>\n

\n \"Outside
Richest 10% of Brits claimed half of wealth UK stole from India \u2013 report<\/a><\/figcaption><\/figure>\n<\/blockquote>\n

Oxfam projects that G7 countries, responsible for approximately 75% of all official aid, will reduce their contributions by 28% in 2026 compared to 2024. The UK alone is expected to decrease its spending on aid by 40% by 2027<\/p>\n

The report also highlights the growing gap between private and public wealth. From 1995 to 2023, global private wealth soared by $342 trillion, while public wealth in the same period rose by only $44 trillion.<\/p>\n

Over half of the world\u2019s poorest countries are now on the brink of a debt crisis, the report warns. Many are being forced to spend more on servicing debt than on healthcare or education.<\/p>\n

The report singles out private creditors, who hold over half of the external debt of low-income countries, for refusing to restructure loans and imposing punitive repayment terms.<\/p>\n

According to a global public opinion survey cited by Oxfam, 90% of respondents support taxing the super-rich to fund public services and climate action.<\/p>\n","protected":false},"excerpt":{"rendered":"

The world\u2019s wealthiest have seen their fortunes increase by $33.9 trillion over the past decade, according to the anti-poverty charity The richest 1% of the people on Earth have gained over $33.9 trillion in real terms since 2015, according to a new report by UK-based anti-poverty group Oxfam. The amount is enough to end extreme…<\/p>\n","protected":false},"author":1,"featured_media":4378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-4376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/posts\/4376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/comments?post=4376"}],"version-history":[{"count":2,"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/posts\/4376\/revisions"}],"predecessor-version":[{"id":4380,"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/posts\/4376\/revisions\/4380"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/media\/4378"}],"wp:attachment":[{"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/media?parent=4376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/categories?post=4376"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/developeternal.com\/index.php\/wp-json\/wp\/v2\/tags?post=4376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}