The numbers in [1] come from Oxfam, which gets them from a report by Credit Suisse. Here's what that report says:
Globally, the share of the top 1% has been rising since 2007 and is now close to the level in the year 2000 (45% versus 47%). But the share of the top 5% has shown little change, staying steady at 70–71%, and inequality lower down the distribution has declined. The share of the bottom 90% has risen from 11% in the year 2000 to 18% in mid-2019 according to our estimates.
So, essentially the top 1% is richer at the expense of the rest of the top 5%, not of everyone else. Billionaires eating millionaires, so to speak, not the poor.
Globally, the share of the top 1% has been rising since 2007 and is now close to the level in the year 2000 (45% versus 47%). But the share of the top 5% has shown little change, staying steady at 70–71%, and inequality lower down the distribution has declined. The share of the bottom 90% has risen from 11% in the year 2000 to 18% in mid-2019 according to our estimates.
So, essentially the top 1% is richer at the expense of the rest of the top 5%, not of everyone else. Billionaires eating millionaires, so to speak, not the poor.
https://www.credit-suisse.com/about-us/en/reports-research/g...