Rich-poor divide accelerating, says OECD – BBC News 05-15-13

Salient to Investors:

The OECD said:
  • The gap between rich and poor widened more in the 3 years to 2010 than in the previous 12 years. The richest 10% of society in the 33 OECD countries received 9.5 times that of the poorest in terms of income, versus 9 times in 2007.
  • Countries with the biggest gaps included the US, Turkey, Mexico and Chile. Countries with the least gaps were mainly in north Europe, Iceland, Norway, Denmark and Slovenia.
  • If governments do not stop cutting back on welfare support the gap will widen.

Read the full article at http://www.bbc.co.uk/news/business-22545210

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