Pope Leo XIV calls for proper use of wealth and solidarity

Pope Leo XIV has announced the papal prayer intention for November, focusing on the proper use of wealth and the importance of sharing resources to build a future based on justice and brotherhood. The Pope emphasized that all possessions are a common gift from God and warned that wealth can harden hearts and lead to selfishness if used as a tool for power rather than service.

The intention addresses growing global economic disparities. Reports such as the Global Wealth Report 2026 and the World Inequality Report 2026 highlight that the top 10 percent of the population holds more than half of the world's wealth, while the poorest 50 percent possess almost nothing. The Pope noted that the concentration of wealth in the hands of a few creates new imbalances, particularly as technological advancements like artificial intelligence drive further wealth accumulation among billionaires.

In his encyclical Magnifica humanitas, the Pope argued that technological progress must be designed to prevent structural inequalities. He suggested that disparities caused by the concentration of wealth and power should be corrected through social welfare, taxation systems, and industrial policies to ensure that the benefits of innovation, such as knowledge and healthcare, are accessible to all.