What is income inequality?

Income inequality refers to how unevenly income is distributed throughout a population. The less equal the distribution, the greater the income inequality. Income inequality is often accompanied by wealth inequality, which is the uneven distribution of wealth.

What is economic inequality?

Economic inequality, whether measured through the gaps in income or wealth between richer and poorer households, continues to widen. With periodic interruptions due to business cycle peaks and troughs, the incomes of American households overall have trended up since 1970.

What are the causes and consequences of income inequality?

The causes and consequences of income inequality are multifaceted. Income inequality is not the inevitable outcome of irresistible structural forces such as globalisation or technological development. Instead, it has largely been driven by a multitude of institutional political choices.