Income and Wealth Inequality: Crash Course Economics #17
Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality...
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Jacob: Welcome to Crash Course Economics, I'm Jacob Clifford... Adriene: ...and I'm Adriene Hill. The world is full of inequality. There's racial inequality, gender inequality, health, education, political inequality, and of course, economic inequality. Some people are rich, and some people are poor, and it can seem pretty impossible to fix. Jacob: Well, maybe not. [Theme Music] Jacob: So there are two main types of economic inequality: wealth inequality and income inequality. Wealth is accumulated assets, minus liabilities so it's the value of stuff like savings, pensions, real estate, and stocks. When we talk about wealth inequality, we're basically talking about how assets are distributed. Income is the new earnings that are constantly ...
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Jacob: Welcome to Crash Course Economics, I'm Jacob Clifford... Adriene: ...and I'm Adriene Hill. The world is full of inequality. There's racial inequality, gender inequality, health, education, political inequality, and of course, economic inequality. Some people are rich, and some people are poor, and it can seem pretty impossible to fix. Jacob: Well, maybe not. [Theme Music] Jacob: So there are two main types of economic inequality: wealth inequality and income inequality. Wealth is accumulated assets, minus liabilities so it's the value of stuff like savings, pensions, real estate, and stocks. When we talk about wealth inequality, we're basically talking about how assets are distributed. Income is the new earnings that are constantly ...
