Summary from the original article
GROWING inequality is a serious economic and social issue. Internally, we tend to treat poverty and inequality as separate problems. They are closely connected but not identical. Poverty is about deprivation; inequality is about how income, wealth, opportunities, and economic power are distributed. An economy can grow and even reduce poverty temporarily while allowing wealth and privilege to become concentrated. Household data underlines the problem. The consumption-based Gini coefficient increased from 28.4 in 2018 –19 to 32.7 in 2024 –25.…
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Upgrade this serverGROWING inequality is a serious economic and social issue. Internally, we tend to treat poverty and inequality as separate problems. They are closely connected but not identical. Poverty is about deprivation; inequality is about how income, wealth, opportunities, and economic power are distributed. An economy can grow and even reduce poverty temporarily while allowing wealth and privilege to become concentrated. Household data underlines the problem. The consumption-based Gini coefficient increased from 28.4 in 2018 –19 to 32.7 in 2024 –25. This figure does not capture the full extent of…
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