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GUEST: Nick Galasso, Senior researcher working on economic inequality at Oxfam America.

The anti-poverty group, Oxfam has just released a report on global inequality, citing the staggering statistic that 62 of the world’s richest people now own as much wealth as the poorest half of the world’s population. Oxfam has been tracking the number for several years. In 2010, 388 of the world’s richest people had the same amount of wealth as the poorest half of the globe. That number has been shrinking even faster than Oxfam expected. The report was released to coincide with the annual World Economic Forum in Davos, Switzerland where representatives of wealthy nations and corporations hob nob over financial policy.

For more information, visit www.oxfamamerica.org. To download the report click HERE.