INCOME INEQUALITY

Unequal distribution of individual or household income across various participants in an economy. This is frequently presented as the income percentage to the population percentage. For instance, a statistic may denote 80% of a country's income is controlled by 25% of its residents. It is frequently connected to the idea of income "fairness". In general, it is considered "unfair" if rich individuals have a bigger portion of a country’s income than its population.