Imagine you're playing a game where everyone starts with the same number of coins. But some people get extra coins at every turn, while others barely get any, that's like real life for many people. The ones who get more coins end up with way more money than those who don't. This is income inequality.
Examples
- Imagine your friend’s parents own a big store and give them money every week, that's like having extra coins in the game.
- You work at a fast-food restaurant, but your boss gets a brand new car every year.
- Some people get to go to college for free, while others have to take out loans just to start.
Ask a question
See also
- Why are income streams uneven?
- Why Do Some People Earn More Than Others?
- How Does Capitalism Actually Work?
- What are wage differences?
- How do lotteries work and what are their economic impacts?