Income inequality is an extreme disparity of income distributions with a high concentration of wealth usually held by a small percentage of a population.
 | | Term of the Day | Words to Know | | |  | | Income Inequality | | Income inequality is how unevenly income is distributed throughout a population. The less equal the distribution, the higher income inequality is. Income inequality is often accompanied by wealth inequality, which is the uneven distribution of wealth. Populations can be divided up in different ways to show different levels and forms of income inequality such as income inequality by sex or race. Different measures, such as the Gini coefficient, can be used to analyze the level of income inequality in a population. | | Read More » | | Related to "Income Inequality" | | | | Gini Index | | The Gini index, or Gini coefficient, is a measure of the distribution of income across a population. | | Read More » | | | Middle Class | | The middle class refers to individuals who fall between the working class and the upper class. Those in the middle class often are employed as professionals, managers, and civil servants. | | Read More » | | | Working Class | | Working class describes persons in low-paying jobs often requiring considerable physical labor but limited skill or education. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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