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Social inequality is linked to economic inequality, usually described as the basis of the unequal distribution of income or wealth. Although the disciplines of economics and sociology generally use different theoretical approaches to examine and explain economic inequality, both fields are actively involved in researching this inequality
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
[208] John Schmitt and Ben Zipperer of the Center for Economic and Policy Research also point to economic liberalism as one of the causes of income inequality. They note that European nations, in particular the social democracies of Northern Europe with extensive and well funded welfare states , have lower levels of income inequality and social ...
Data shows substantial social segregation correlating with economic income groups. [322] However, social connectedness to people of higher income levels is a strong predictor of upward income mobility. [322] The cause of poverty is a highly ideologically charged subject, as different causes point to different remedies.
Social inequality is "the state or quality of being unequal". [7] Inequality is the root of several social problems that occur when factors such as gender, disability, race, and age may affect the way a person is treated. A past example of inequality as a social problem is slavery in the United States.
Firstly, it shows the economic societal differences or inequality, which largely impact social and political issues. [22] Due to the existence of income segregation, it causes separated neighborhoods to form, with wealthier individuals living in their own communities with higher incomes. [19] Income segregation can also intensify issues.
The Windfall Elimination Provision affects people who qualify for Social Security benefits through their job but also receive a pension from another job where they didn't pay into Social Security.
Social equality is a major element of equality for any group in society. Gender equality includes social equality between men , women , and intersex people , whether transgender or cisgender . Internationally, women are harmed significantly more by a lack of gender equality, resulting in a higher risk of poverty . [ 12 ]