New research by Berkeley Economics faculty shows growing world inequality

According to the new report, the world’s richest people now own 11% of global wealth, marking the biggest leap in recent history

The 2022 World Inequality report, authored by  Lucas Chancel, Thomas Piketty, Emmanuel Saez, and Gabriel Zucman, also found that wealth inequality had a strong correlation to carbon emissions and climate change goals. The poorest half of the population in rich countries is already at (or near) the 2030 climate targets in terms of emission rates, but that’s not the case for the top 50%. 

Read the full article published on Fortune on December 7, 2021. 

World Inequality Report 2022