Posted AT 8:03 AM EST on 06/12/06
World's richest 2% own 40% of all household wealth
LONDON — The richest 2 per cent of adults still own more than half of the world's household wealth, perpetuating a yawning global gap between rich and poor, according to research published Tuesday.
The report from the Helsinki-based World Institute for Development Economics Research shows that in 2000 the richest 1 per cent of adults — most of whom live in Europe or the United States — owned 40 per cent of global assets.
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