Equality

• What is income?

  A flow of money over time, coming from:

  • Wages
  • Rent
  • Interest
  • Profit
  • Benefits
• What is wealth?

  The value of all assets owned by a party at any given time.
• Give some reasons for income inequality:

  • Differences in Wages
  • Benefits
  • Age
  • Gender
• Give some reasons for wealth inequality:

  • Inheritance
  • Savings
  • Property
  • Enterprise
• What are the costs of inequality?

  • Poverty
  • Poor housing
  • Poor health
  • Lower economic growth
  • Social unrest