Share of Global Income of Top 1% and Bottom 50%

Share of Global Income of Top 1% and Bottom 50%
Share of Global Income of Top 1% and Bottom 50%

Proof Point

According to data from World Inequality Report, income share of top 1% and bottom 50% remained fairly constant between 1997 and 2016, with top 1% owning 20% of global income in 2016

Share of Global Income of Top 1% and Bottom 50%

1997 – 2016 (percentage)

Proof Point Findings

  • Income – Includes labor income or salary derived from work, dividends or earnings from stocks owned, and capital income or profits gained from business and sale of assets
  • Unchanged Income Share – Income share remained constant between 1997 and 2016, with top 1% of population retaining 20% of global income in 2016, unchanged from 1997, and bottom 50% only getting 10% of global wealth in 2016, slight increase from 9% in 1997
  • 2007 Financial Crisis – Income share of top 1% of population saw decline after 2007 financial crisis, dropping from 22% to 21% in 2009, sharpest two-year decline in 20 years
  • Key Drivers – Include sustained strong economic performance of emerging markets, particularly in China and India, new generation of billionaires from tech companies, increasing household consumption, labor tax reduction, and improved social services

Accelerator

Source

Date Last Updated

September 24, 2018

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