Originally Posted by 12clicks

from the article:
"""The richest 1% of the population will own more than half of the world?s wealth by next year as inequality continues its relentless rise across the globe, a new report out Monday says.

The report, by the U.K.-based charity Oxfam, shows that the top 1% have grown their share of global wealth constantly since 2010. After dipping at 44% in the wake of the 2008 financial crisis, it rose to 48% by the end of last year and is poised to top 50% by the end of next year.""""


from the article:
"""The growing indebtedness of most Americans is the main reason behind the erosion of the wealth share of the bottom 90%, according to the report?s authors. Many middle-class families own their homes and have pensions, but too many have higher mortgage repayments, higher credit card bills, and higher student loans to service."""""

or said another way, the poor did it to themselves.