: How poverty is decreasing and income inequality increasing at the same time?

Question

: How poverty is decreasing and income inequality increasing at the same time?

In: Economics

Answer 1

Poverty is basically how many people barely have enough money to survive, income inequality is that the rich people are getting richer far quicker than poor people. If both rich people and poor people are getting richer (even if at different rates) you will have fewer people living in absolute poverty.