Economics Income Inequality Questions
The impact of income inequality on intergenerational transmission of poverty is significant. When income inequality is high, it becomes more difficult for individuals from low-income backgrounds to escape poverty and improve their economic status. Limited access to quality education, healthcare, and other resources further perpetuates the cycle of poverty across generations. Additionally, unequal distribution of wealth and opportunities can lead to social and economic disparities, creating barriers for upward mobility. Therefore, income inequality exacerbates the intergenerational transmission of poverty, making it harder for individuals to break free from poverty and improve their economic circumstances.