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The gap between the rich and the poor is widening very fast. What are the causes and effects of this widening gap? You may give solutions based on your knowledge and experience.

#gap #effects
The
wealth
 difference between the rich and the poor has been increasing significantly in the recent past. The difference in
wealth
 in developed countries has always been on the higher side but in the 21st century
Add a comma
,
show examples
the divide has been extended to
such
 level which is unfair in some people’s opinion. There is a popular saying among people, “Rich will get richer” because they have developed a certain level of discipline which ensures that they will always find ways to grow their
wealth
. In today’s world through advertisements, social media, famous celebrities we are taught to live in a fantasy world.
Furthermore
, Youth of the current generation will buy things to look good in front of other people even if they do not need those things.
For Example
, buying expensive clothes for social media. Education has always been and will always be the most important tool to reduce
this
 disparity. Society needs to introduce financial education in our schooling system. More and more awareness needs to be spread between the youth about the importance of saving capital or investing to create assets in future which can help the individual financially.
Also
, it is important for the parents to teach the value of money to their kids. In my opinion, we need to introduce various financial education models in our teaching to make sure that the current generation understands the value of money. A certain
wealth
 gap in my opinion should always be looked at a positive sign to show the community that there is always appreciated for your hard work.
Submitted by ashmeet.mehta34 on

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