Impact Of Uneven Distribution Of Income Inequality Essay

Question 1 Task 1 (B) New Zealand has one of the highest rates of income inequality among developed or wealthy nations around the world, ranking 17th out of the 21 countries ranked by Wilkinson and Pickett (professors of economic) There are several impacts of uneven distribution of income in NZ First of all, I would like to discuss social impact of the same. †¢ Households with low incomes have fewer options for meeting the same economic needs than that of their wealthy counterparts. For example, having uneven income people cannot purchase adequate necessities because they do not have sufficient funds to do so. Therefore at the end of the day they are unlikely to enjoy comparable life with wealthy people.( Wairarapa has to fight the growing social divide o Wairarapa has to fight the growing social divide By Andrew Bonallack 6:00 AM Monday Oct 28, 2013 (1) (2) Children whose parents are having uneven income do not get decent nourishment as well as education. It is well documented that children of such families are also more likely to have adverse outcomes in other phases of their life. This contains low educational achievement, poor physical and mental health, and susceptibility to take up substance abuse and crime. On the other hand, there are currently several government policies meant to address the social impacts of child poverty, for example the Children’s Action Plan which aims to improve outcomes for vulnerable children and the Better Public ServiceShow MoreRelatedGlobal Inequality And Its Impact On The World s Population1429 Words   |  6 PagesThe world is undergoing a highly volatile atmosphere, both socially and politically. What is at the forefront of this volatility? Global inequality. For many decades, groups of the world’s population, particularly in the poorest areas, are continuing to get squeezed by t he weight by the radically uneven distribution of income. 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