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Disparity Despair
Read these FAQs, then complete the crossword puzzle.
Are you and your family more or less wealthy than the average families in your community? Do you feel like your family has enough money to safely handle unexpected emergencies or disruptions in your lives, or weather extended unemployment? Do you believe that you can significantly increase your material wealth by working hard? The answers to these sorts of questions are very important to living life as an adult, and are inextricably tied to income and wealth inequality . Everyone knows that within a society, different people have different levels of material wealth and comfort. These differences are defined by the terms “income inequality” and “wealth inequality”. These terms are increasingly used in politics, news, and academics, and have inspired controversy, debate – even public protest, such as Occupy Wall Street and We are the 99%. Let’s explore why… What do income inequality and wealth inequality mean? Income inequality: the extent to which different people in a population have unequal income, which is the amount of money received, usually via earnings, in a given period of time. Wealth inequality: the extent to which people in a population have unequal net worth, which is the total value of everything one owns, minus debt. PRODUCT PREVIEW
101 THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY
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