wealthgap
nounUK /ˈwɛlθ ɡæp/
US /ˈwɛlθ ɡæp/
A wealth gap is when some people have a lot of money and others have very little.
The wealth gap in the city means some kids live in big houses while others struggle to buy food.
RELATED WORDS
OTHER MEANINGS
2. The difference in total assets between the richest and poorest groups in a country.
Economists study the wealth gap to understand how savings and property are shared.
3. A situation where one group or region is much richer than another.
There is a growing wealth gap between coastal cities and rural towns.
4. The distance between how much money different generations have.
The generational wealth gap makes it harder for young people to buy homes.