Income Disparity

Income disparity refers to the unequal distribution of income among individuals or groups within a society. It highlights the gap between high-income earners and those with lower incomes. This disparity can result from factors like education, job opportunities, and systemic inequalities. When income disparity is large, it can lead to social tension, decreased economic mobility, and hindered access to resources like healthcare and education for lower-income individuals. Addressing income disparity often involves policies aimed at creating fairer wages, improving access to quality education, and promoting economic opportunities for all.