Topic > What Causes Economic Inequality - 1422

Changes in labor markets are particularly harmful to today's young adults. Their jobs, later-starting careers, and declining earnings (106) result in hard times and even debt. Along with this being the beginning of their life, these individuals are faced with a lifetime of financial struggles. Changes in families are another big reason for economic inequality with both positive and negative results. Single-parent families result in low-income families due to only one income and the need to support children. This is leading to extremely dangerous consequences such as child poverty. Families who choose not to have children, however, face much easier financial times. They often have more money to spend on extra material items like extravagant houses and expensive cars because as everyone knows children are very expensive and when they choose not to have them they don't have to invest money in them. However, these are precisely the causes of economic inequality between the middle class and the upper class. The main problem of economic inequality is between the lower class societies in developing countries and the richer ones in the world. The problem of economic inequality between the world's poorest and richest is an overwhelming global problem that no one intentionally caused but that we are blindly