Rich nations' wealth gap widens as welfare cut - OECD
Reuters - Tue, May 14, 2013PARIS (Reuters) - A growing divide between rich and poor risks will yawn still wider if cash-strapped governments keep cutting back the welfare state, an industrialised nations' think-tank warned on Wednesday. Weighing into a debate on inequality in developed countries, the 33-nation Organisation for Economic Cooperation and Development said welfare spending had mitigated an increase in the wealth gap that emerged with the 2008-2009 financial crisis, but that was running out. ... More »Rich nations' wealth gap widens as welfare cut - OECD