You’ve probably heard the saying, “The rich become richer, while the poor become poorer”. It’s about how uneven financial progress can be.
One of the reasons behind financial inequality is the gender pay gap, but the wealth gap is even more revealing. It explains why disparities persist between the rich and the poor. Wealth – your assets, savings, property and retirement provisions – is the true measure of long-term financial security.
Research shows that wealth gaps aren’t created by gender alone. Aspects like race, class, education, disability, age and nationality also influence the distribution of wealth. When these aspects overlap, they create forms of exclusion or privilege that become more powerful over time.
