Distribution of wealth

The income gap across generations in Europe has widened to the detriment of young people and without adequate policies, an entire generation may never be able to recover, the International Monetary Fund (IMF) warned on Wednesday, cited by The Brussels Times.

42 people have as much money as 50% of the world's poorest population, according to a study by Oxfam.

A renovation of a homeless homeless shelter was carried out. The activities cost a total of BGN 30,000, reports novini. 

This is what the director of the Crisis Center for Homeless people in the Zaharna Fabrika district of Sofia, Dragoslava Lundjova, told FOCUS.

The richest top 20 percent of society in Turkey received 47.2 percent of total income in 2016, marking a slight increase from the previous year, according to Turkish Statistical Institute (TÜİK) figures.

There were a total of 82,000 millionaire migrants that left for greener pastures in 2016, with Turkey one of the five countries witnessing the greatest such outflow, according to a fresh survey by New World Wealth.

According to the World Economic Forum, the global economy is more than five times larger than it was half a century ago.

Global per capita GDP has more than doubled over the same period. The World Bank estimates that the share of the global population living in extreme poverty has fallen below 10 percent for the first time ever.

Christine Lagarde, managing director of the International Monetary Fund, said that dealing with inequalities will have to be a central element of leaders' response to the concerns of populist movements, in a speech as quoted by the Associated Press on Jan. 18.

Eight men own the same wealth as the poorest half of the world's population, a level of inequality which "threatens to pull our societies apart," Oxfam said on Jan. 16 ahead of the World Economic Forum opening in Davos.

The wealth of the world's poorest 3.6 billion people is the equivalent to the combined net worth of six American businessmen, one from Spain and another from Mexico.

According to Credit Suisse’s global wealth report, 140,900 private individuals cane be categorises as “exceptionally high income earners”. The report includes private individuals with a total wealth of over 50 million dollars, with more than half (52%) haling from North America, while 21% reside in Europe and the Asia-Pacific regions. 13% are from India and China.

Most self-employed professionals will have to pay higher social security contributions from next month, as will many shareholders, as changes planned by the government were sealed with the issue of two circulars by the Labor Ministry in the last few hours of 2016.