Wealth disparity refers to the unequal distribution of wealth or resources among individuals or groups in a society. It means that some people have significantly more wealth than others.
Related terms
Social Mobility: The ability of individuals to move up or down the social and economic ladder based on their own efforts or circumstances.
Income Inequality: Refers specifically to the unequal distribution of income among individuals or households within a society.
Poverty Line: A threshold set by the government to determine who is considered poor based on income levels and family size.