“Can Money buy happiness???” … Inequalities in consumption are stark. Globally, the 20% of the world’s people in the highest-income countries account.

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Presentation transcript:

“Can Money buy happiness???”

… Inequalities in consumption are stark. Globally, the 20% of the world’s people in the highest-income countries account for 86% of total private consumption expenditures — The poorest 20% a minuscule 1.3%.

Consume 45% of all meat and fish, the poorest fifth 5% Consume 58% of total energy, the poorest fifth less than 4% Have 74% of all telephone lines, the poorest fifth 1.5% Consume 84% of all paper, the poorest fifth 1.1% Own 87% of the world’s vehicle fleet, the poorest fifth less than 1%

Runaway growth in consumption in the past 50 years is putting strains on the environment never before seen.