Over the same period, the fraction of income accruing to the poorest 20 percent in the world fell from 2.3 percent to 1.1 percent. According to the United Nations, the richest 20 percent in the world accounted for about 70 percent of total income in 1960. For well over a billion people - roughly one-sixth of humanity - per capita income is less than $1 per day.Įven more significant, the income gap between rich and poor is growing. dollars - is less than $1,500, the minimum considered necessary to sustain a decent life. Their annual per capita income - based on purchasing power parity in U.S. Now consider the 4 billion people in Tier 4, at the bottom of the pyramid.
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