Children from low-income families may not have access to quality education, limiting their future earning potential and perpetuating the cycle of poverty.
Economic inequality refers to the unequal distribution of wealth, income, and economic opportunities among individuals or groups within a society. This can result from various factors, including differences in educational attainment, access to resources, employment opportunities, and social and economic policies.
People with low income or no access to healthcare may not receive adequate medical care, leading to higher rates of illnesses and shorter lifespans.
Economic inequality can restrict upward mobility, as children from low-income families are less likely to achieve higher socioeconomic status than those from wealthy families.
Economic inequality can create a sense of injustice, leading to social unrest and political instability. Increased crime rates: People living in poverty may turn to crime to meet their basic needs, leading to higher crime rates in low-income neighborhoods.
Economic inequality can perpetuate discrimination and bias, as those with more wealth and power may have greater influence over policies and decision-making.
People living in poverty may experience higher levels of stress and anxiety, as they may struggle to meet their basic needs and face uncertain futures.