blog




  • Essay / What are the causes of economic inequality - 1422

    Changes in labor markets are particularly harmful for today's young adults. With their jobs, their careers starting later and their income falling (106), this leads to hard times and even debt. Along with this, this is the start of their lives, these people will find themselves facing a lifetime of financial difficulties. Changes within families are another important cause of economic inequality, with both positive and negative outcomes. Single-parent families result in low-income families due to a single income and the need to support children. This leads to extremely dangerous consequences such as child poverty. However, families who choose not to have children face a much easier financial situation. They often have more money to spend on additional material possessions such as extravagant houses and expensive cars, because as everyone knows, children are very expensive and on the verge of choosing not to have them, they do not have to invest money to buy them. . But these are just the causes of economic inequality between the middle class and the upper class. The major problem of economic inequality lies between the lower class societies of developing countries and the wealthier societies of the world. The problem of economic inequality between the world's poorest and richest countries is an overwhelming global problem that no one intentionally caused, but we are blindly