World's richest one per cent are on track to own two thirds of global wealth by the year 2030
- If financial trends continue as they are the top 1% will own 64% of global wealth
- Shocking figures show world's riches will amount to £216.5trillion by year 2030
- Experts claim disparity is the result of extra savings being made by the wealthy
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The world's richest one per cent are on track to own two thirds of global wealth by 2030.
New figures from the House of Commons library show shocking levels of income inequality if financial trends continue in the way they have done since the 2008 crash.
Statistics reveal the top one per cent will account for 64 per cent of global wealth, which will total £216.5trillion in 12 years time - £99trillion higher than it is today.
They also show the richest one per cent has been growing much faster than it has previously, at an average of six per cent a year.
New figures from the House of Commons library show the world's richest one per cent are on track to own two thirds of global wealth by 2030
Experts believe increasing disparity will come as a result of higher saving rates among the wealthy and the accumulation of stocks and other assets, which bring disproportionate benefits, reports The Guardian.
A survey carried out by consultants Opinium shows UK voters are increasingly concerned by how much power the world's richest have.
It showed 34 per cent of those surveyed believe the super rich will yield the most power in 12 years time, while 28 per cent thought it would be national governments.
The poll also revealed fears disparity will lead to increasing corruption, as the top one per cent take over politicians as the most influential on the global stage.
It was commissioned by former Labour cabinet minister Liam Byrne, as MPs, academics, business leaders and trade unions club together to take on growing inequality.
Mr Byrne wants to put pressure on G20 leaders after declaring global inequality is 'at tipping point'.
Actor Michael Sheen is also backing the calls, after taking a step back from his Hollywood career to campaign against credit providers.
Statistics reveal the top one per cent will account for 64 per cent of global wealth, which will total £216.5trillion in 12 years time - £99trillion higher than it is today
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