Studies have shown that in many countries the income gap between the rich and poor is ever increasing. What problems can arise from this situation and what could be done to address this situation?

Researches indicating that salary differences are raising among affluent and poor sections.

This

essay will provide problems it can arise

first

flowed by a possible solution and the benefit of having healthy income in all sections. The main problem with raising differences in income is, it deprives poor socially to enjoy the best resources and technology available in the city, state or country.

This

trend will directly affect the economy of the country since the majority of cash is circulated between a few sections of people.

For Example

, rich people can afford best schools for their children, private hospitals and top doctors for treatment, even get top lawyers to represent their judiciary cases. These differences can be reduced by providing equal opportunities in Education, Business, and support start-ups and visionaries, and by providing venture investments. Above all government should educate the population about the policies

such

as free education, health insurance, daily wage laws. So, a maximum section of people can enjoy benefits and slowly and gradually

increase

their living status.

This

will

increase

the number of families who purchase products, which intern

increase

production, distribution, selling points and

increase

employment too.

For example

, three decades ago having a car in India is luxury and only rich used to have it, now since the purchasing power increased it has become a necessity for each household. Inconclusion, balanced income among all section of people is not only important for individuals but

also

for the economy of the country.

Hence

, it is the government responsibility to design proper social policies for

u

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nderprivileged population and educate them to

increase

earnings and ultimately achieve a balanced society.