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Wealth concentration
Examining the Effects of Wealth Concentration on Income Disparity
December 18, 2023
How does the concentration of wealth impact income inequality?
Concentration of wealth contributes to income inequality by consolidating economic power among a few individuals or entities, widening the gap between the rich and the poor. It can lead to reduced social mobility and perpetuate generational wealth gaps.
Tags : Wealth Concentration , Income Inequality , Economic Disparity