Wealth Gap

Definition

The wealth gap refers to the economic differences that exist between specific populations such as the rich versus poor or different racial groups. It's often measured through indicators like income inequality and wealth distribution.

Related terms

Income Inequality: The unequal distribution of household or individual income across the various participants in an economy.

Poverty Line: The minimum level of income deemed adequate in a particular country.

Economic Mobility: The ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income.