Question

How economic inequality might affect society’s well being how would living in a more equal society influence a person’s life? agree or disagree give examples

Answer 1

- Economic inequality might affect society well being tining in a more equal society influence a person's life... → Economic inequality is the unequal distribution of income and opportunity between different groups in society. Less equal societies have less stable economies. High levels of income inequality are linked to economic instability, financial crisis, debt and inflation. wh effects of economic inequality on different aspects in society . a) Health - High rate of health and social e problems (Obesity, mental mental problem, homicides. problem teenage birth incarceration, drug ure) in countries & states is due to higher inequality. 6) social goods - Lower rates of social goals - such as life expectancy by country, educational performance, trust among strangers, women's status, social mobility is due to higher inequality is ch social cohesion - Research has shown an inverse link between income inequality and social cohesion. In more equal

societies, people are much likely to each trust other measures of social capital suggest great community involment. d) crime - In more equal societies homicide rates are consistently lower. Interregional inequality increases terrorism... e) welfare - societies where inequality is lower population wide satisfaction and happiness tend to be higher. f) Debt - Income inequality has been the I driving factor in the growing household debt, as high earners bid up the price of real estate and middle income earners go deeper into debt trying to maintain what once was a middle class lifestyles. g) Economic growth The effect of enconomic inequality on growth is negative - and more pronounced in les develop A countries than in rich countries. t) civil participation - Higher income a inequality led to ters of forms of social, cultural and civic participation among the less wealthy.

(i) Political instability Income inequality increases political instability, More unequal societies are more politically unstable. - Econoic inequality affects society where as equal economic society influence a person's life. Exacuple - Health problem, crime are major problem of economic inequality.