How does inequality affect the individual, society and the economy?
Living in an unequal society causes stress and status anxiety, which may damage your health. In more equal societies people live longer, are less likely to be mentally ill or obese and there are lower rates of infant mortality.
Inequality increases property crime and violent crime. A reduction of inequality from Spanish levels to Canadian levels would lead to a 20% reduction in homicides and a 23% reduction in robberies.
Unequal societies have less social mobility and lower scores in maths, reading and science.
Less equal societies have less stable economies. High levels of income inequality are linked to economic instability, financial crisis, debt and inflation.