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Economic Inequality

The purpose of the Economic Inequality survey is to provide a subjective measure of the level of economic inequality in a given country as perceived by its inhabitants

Question asked: How big of a problem is economic inequality in the country where you live? Take this survey.

Rank Country Average  

Problem Explanation

Economic inequality is a pressing issue with far-reaching consequences for individuals, communities, and the overall well-being of a country. Here are key reasons why economic inequality is considered a problem:

  1. Social Unrest and Tensions: High levels of economic inequality can lead to social unrest and tensions as disparities in wealth and opportunities create a sense of injustice and dissatisfaction among the population.
  2. Undermining Equal Opportunities: Economic inequality often results in unequal access to education, healthcare, and employment opportunities, hindering the principle of equal opportunities for all individuals regardless of their socioeconomic background.
  3. Impact on Health and Well-being: Individuals in lower-income brackets may face challenges accessing quality healthcare, leading to poorer health outcomes and reduced overall well-being compared to those with greater financial resources.
  4. Reduced Social Mobility: Persistent economic inequality can contribute to reduced social mobility, limiting the ability of individuals to move up the socio-economic ladder and achieve upward economic mobility.
  5. Political Influence Disparities: Economic inequality may translate into disparities in political influence, with wealthier individuals and corporations having greater access to political power and decision-making processes.
  6. Education Disparities: Economic inequality can exacerbate disparities in access to quality education, creating a cycle where individuals from lower-income backgrounds face greater challenges in acquiring the skills and knowledge needed for economic success.
  7. Impact on Economic Growth: Extreme economic inequality can hinder overall economic growth by limiting the purchasing power of a significant portion of the population, leading to reduced demand for goods and services.
  8. Strain on Social Services: Concentrated wealth among a few individuals can strain social services as the demand for public resources, such as education, healthcare, and housing, increases for those with limited financial means.
  9. Increased Crime Rates: Economic inequality has been linked to higher crime rates, as individuals facing economic hardships may turn to illegal activities out of desperation or frustration.
  10. Societal Cohesion: High levels of economic inequality can erode societal cohesion by creating divisions between different economic classes, potentially leading to a lack of trust and cooperation among citizens.

Addressing economic inequality requires comprehensive strategies, including progressive taxation, social welfare programs, access to quality education and healthcare, and policies that promote inclusive economic growth to ensure a more equitable distribution of resources and opportunities.