Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Poll: Richest 3 Percent Worldwide Collect 20 Percent Of All Income

PRINCETON, N.J. (UPI) — The wealthiest 3 percent of citizens in 131 countries hold 20 percent of the collective household income, U.S. polling agency Gallup said Friday.

Results indicated the poorest 54 percent in each country hold about a fifth of the country’s collective household income, Gallup said. Income inequity is greatest in sub-Saharan Africa and eastern Asia, predominately China, results indicated.

Gallup noted that many sub-Saharan African countries experienced strong economic growth during the past decade, driven largely by export demands and rising foreign investment. However, much of the resulting wealth is controlled by regimes that fail to invest adequately in public services or infrastructure that would improve access to economic opportunities for the poor, the Princeton, N.J., polling agency said.

Gallup said the richest 6 percent of Nigerians hold 40 percent of the population’s total household income.

Gallup said its aggregated income data from 2006 to 2012 estimated the richest 4 percent of Americans and the poorest 54 percent each have about a fifth of the country’s collective household income, which is similar to global data, Gallup said.

In China, the richest 2 percent and the poorest 60 percent each hold about 20 percent of the collective household income, Gallup said.

Results are based on telephone and face-to-face interviews with approximately 1,000 adults per survey administration. Income data come from interviews conducted in 131 countries and regions from 2006 to 2012. Data for each country have been aggregated over multiple administrations. The margin of error ranges from 1.4 percentage points to 4.7 percentage points.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Poll: Richest 3 Percent Worldwide Collect 20 Percent Of All Income”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.