Income inequality and poverty

Income inequality refers to the unequal distribution of income among individuals in a population. This can result in some individuals or groups having significantly higher incomes than others, leading to disparities in wealth and living standards.

Income inequality often contributes to the prevalence of poverty within a society. When a small portion of the population holds a large portion of the wealth, it can lead to inadequate access to resources and opportunities for those with lower incomes. This can result in limited access to quality education, healthcare, and employment opportunities, perpetuating a cycle of poverty for those at the bottom of the income distribution. Additionally, income inequality can also lead to social and political unrest as those with lower incomes may feel marginalized and excluded from decision-making processes. Addressing income inequality and poverty requires implementing policies that aim to redistribute wealth, provide equal opportunities for all individuals, and address systemic barriers that contribute to unequal income distribution. By tackling income inequality and poverty, societies can work towards creating a more equitable and inclusive environment for all individuals.