The Rich are Getting Richer and the Poor are Getting Poorer
They claim that while the poor are growing poorer, the wealthiest are gaining richer. On the one hand, this has been true since the financial crisis of 2008 and the 750 Occupy movements that followed in 2011, when the gap between the richest and poorest people grew. In fact, according to a survey for the UK government, by 2030 the richest 1% would own two-thirds of the world's wealth. The staggering amount is $216 trillion. Additionally, the 26 wealthiest people together own the same amount of money as the world's 3.9 billion poorest people, according to Oxfam. By the summer of 2022, it appears that the gap will widen dramatically as rising living expenses drive people all over the world to utilise credit to pay for even the most basic necessities like rent, food, fuel, gas, and electricity. They claim that while the poor are growing poorer, the wealthiest are gaining richer. On the one hand, this has been true since the financial crisis of 2008 and the 750 Occupy movements that followed in 2011, when the gap between the richest and poorest people grew. Our compound interest calculator will show you how much your money will grow over time if you invest it and re-invest your profits every year.