Oxfam: richest one percent hold twice the wealth of billions of people

The globe’s richest one percent possesses more than twice the wealth of 6.9-billion people, reports Oxfam’s “Time to Care” equality report.

Meanwhile, women and girls together put in 12.5-billion hours of unpaid care work daily, which amounts to a contribution of $10.8 trillion per year.

”It’s incomprehensible that a wealthy few continue to amass large fortunes, while the majority of the world struggles to make ends meet. Women are stuck in poverty, being robbed of precious time doing unpaid care work when they could be pursuing education and employment opportunities,” said Lauren Ravon, director of policy and campaigns for Oxfam Canada.

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Children Believe works globally to empower children to dream fearlessly, stand up for what they believe in — and be heard. For 60+ years, we’ve brought together brave young dreamers, caring supporters and partners, and unabashed idealists. Together, we’re driven by a common belief: creating access to education — inside and outside of classrooms — is the most powerful tool children can use to change their world.