All over the world, the rich are becoming richer and the poor are becoming poorer. What problems does this cause?How can we overcome the problems of poverty?

Poverty continues to be a grave concern throughout the world. In fact, poor people are becoming poorer.
phenomenon will have a negative impact on
global economy
the global economy
huge income disparity between the rich and the poor has numerous negative impacts on the society. On the one hand, rich people earn a lot of
money and
Accept comma addition
money, and
enables them to have access to the most expensive luxuries of life.
On the other hand
, throughout their lives poor people struggle to make both ends meet. The enormous gap in the economic conditions has a lot of ramifications for the growth of a
. There may be a lot of intellectual
the force of workers available
, hidden talents and skills among the poor, who can definitely outshine the abilities of the rich people, if given a fair chance. These human resources that may significantly contribute to the development of a
go untapped. Apart from
, extreme poverty results in an increased crime rate, as individuals putting genuine efforts to raise their living standards get demoralized when they realize the difference between their living standards and those of rich people. They draw the conclusion that the only way to get richer is by wrong and illegal means. In order to solve the grave problems caused by poverty, the government must take some proper measures. The rich must
show the willingness to share their wealth with the poor. The government should identify the poor and help them improve their standard of living by offering them food, health care and education for free or at concessional rates. Steps should be taken to educate the rich about the serious setbacks to the
as a whole due to the non-uniform distribution of wealth among its citizens. The rich should be motivated to voluntarily donate funds towards government schemes so as to provide an opportunity for the poor to acquire a decent living. In conclusion, it is very important to bridge the gap between the economic conditions of the rich and the poor to ensure consistent development of a
. Efforts applied in
direction will have long-term benefits that improve the global ranking of a
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Topic Vocabulary:
  • Income inequality
  • Wealth gap
  • Socioeconomic disparities
  • Marginalized communities
  • Impoverished individuals
  • Privileged elite
  • Disparity in living standards
  • Social stratification
  • Exacerbate
  • Living below the poverty line
  • Income distribution
  • Lack of access to basic necessities
  • Food insecurity
  • Limited healthcare services
  • Education barriers
  • Socioeconomic mobility
  • Resentment
  • Economic disparities
  • Resource allocation
  • Underprivileged
  • Vulnerable populations
  • Cyclical nature of poverty
  • Government intervention
  • Multilateral cooperation
  • Empowerment
  • Progressive taxation
  • Equal opportunities
  • Social safety nets
  • Unemployment rate
  • Corruption
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