CLOSING THE GAP

A closer step to a future where everyone, regardless of their background, has access to education and opportunities needed to achieve financial stability.

An Overview of The Issue

Take a glimpse at the most important metrics we found

East Asia

Wealth Inequality:
Top 10% owns 69% of total share of wealth.

Rapid globalisation.
Technological advancements.
Market-oriented reform.

South East Asia

Wealth Inequality:
Top 10% owns 67% of total share of wealth.

Rapid globalisation and urbanisation.
High levels of informal employment.
Gender inequality in the labour force.

Middle East and Africa

Wealth Inequality:
Top 10% owns 77% of total share of wealth.

Resource concentration (oil, agriculture etc).
Elitism from 'dual-societies' cultures.
Gender inequality in the labour force.

Europe

Wealth Inequality:
Top 10% owns 59% of total share of wealth.

Rapid globalisation and technological change.
Under developed innovation systems and labour skills - Youth unemployment.
Taxation systems favouring the rich over the generic population.

Latin America

Wealth Inequality:
Top 10% owns 77% of total share of wealth.

Lack of access to quality education.
Segregation of people based on classes.
Ineffective governmental policies to reduce wealth inequality.

North America

Wealth Inequality:
Top 10% owns 70% of total share of wealth.

Economic disasters (stock market crash etc).
Income disparities across racial groups.
Gender pay gap and underrepresentation in the labour market.

All Sources

Collaborative Playlist

Fancy a quiz?

Think you know the ins and out of wealth and inequality?

Test your knowledge with these 8 trivia questions !

In 2021, the top 10% of UK households possessed about 57% of the nation's wealth, a rise from 52.5% in 1995. Conversely, the bottom 50% owned less than 5%.

JRF.org

The 2022 World Inequality Report highlighted that the top 10% of earners globally took home 52% of global income, whereas the poorest half accounted for just 8.5%.

IMF.org

The UK's wealth gap has expanded by 50% over an eight-year period, with the wealthiest 10% experiencing substantial gains, while the poorest 10% saw minimal changes, often remaining in debt.

Blogs.LSE.ac.uk