Imagine two people who work the same job, but one earns more than the other. That’s income inequality, when some people get a bigger share of money or resources than others. It's like a pie that isn’t cut fairly, some slices are much bigger than others. This happens because of many things, like where you live, how much education you have, and even luck.
Examples
- A rich kid gets a new phone every year, a poor kid shares an old one with their brother.
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See also
- Why Do Some People Become Billionaires While Others Stay Poor?
- Why Do Some People Become Wealthy While Others Stay Poor?
- How Does the Wealth Gap Affect Society?
- Why Are Some People Richer Than Others?
- What are opportunity gaps?