Income inequality is on the rise. Presently, the richest 10 percent receive 40 percent of all global income, while the poorest 10 percent earn between 2 to 7 percent of this figure. When taking population growth into account, inequality has increased by 11 percent in the developing world.
Goal 10: Reduced Inequalities
Reduce Inequality Within and Among Countries.
Such alarming figures are unevenly distributed, with global income inequality increasing disproportionately in certain regions. Indeed, the lowest income inequality increases have occurred in Europe, while the highest were in the Middle East.
These issues of income inequality require global solutions and action. Proposed solutions include improving the regulation and monitoring of financial markets and institutions, encouraging development assistance and direct foreign investment where there is the greatest need and facilitating safe migration and mobility pathways for all.
Such widening disparities require solutions that not only empower low income earners, but also promote the economic inclusion of all people regardless of sex, race or ethnicity.
Facts and figures
22%In 2016, 22 percent of global income was received by the top 1 percent compared with 10 percent of income for the bottom 50 percent.
16%In 1980, the top one percent had 16 percent of global income. The bottom 50 percent had 8 percent of income.
33%Economic inequality is largely driven by the unequal ownership of capital. Since 1980, very large transfers of public to private wealth occurred in nearly all countries. The global wealth share of the top 1 percent was 33 percent in 2016.
39%Under "business as usual", the top 1 percent global wealth will reach 39 percent by 2050.
2xWomen spend, on average, twice as much time on unpaid housework as men.
60%Women have as much access to financial services as men in just 60 percent of the countries assessed and to land ownership in just 42 percent of the countries assessed.
Explore Goal 10: Reduced Inequalities's projects
Children On The Move
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The Blue House Project Pushkar
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No More Children Left Behind
Cambodia
Support to Asylum-seeking Children in Annecy
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A Better Future For Children With Disabilities
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Humanitarian mission to India
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COVID-19 Emergency Aid
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Ground support for Ukrainian migrants in Poland
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Center for Railway Children
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After-school Support Following COVID-19
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Supporting children and their families in the face of COVID-19
Burkina Faso
A Family Environment For Every Child
Haiti
A Family Life For Children With Disabilities
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Professional Training For Disadvantaged Youth
Myanmar
Community Development To Break The Circle Of Poverty
Rwanda