The wide contrast between the affluent and the poor societies in the world today is generally known as the wealth gap.
• In the United States, wealth inequality is also known as the wealth gap, refers to the unequal distribution of money and assets between the citizens of the United States.
• Wealth generally comprises the value of automobiles, any homes, businesses, savings, personal valuables, and investments.
• The housing policies, inequality in income, lack of support structures, and restricted educational opportunities are some of the reasons for the wealth gap.
Thus, the difference between the poor and affluent societies in the world today is commonly known as the wealth gap.
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