ELI5: Explain Like I'm 5

Income inequality

Income inequality means that people with different amounts of money have very different amounts of money. It means some people are very rich with lots of money and some people don't have very much money at all. It means that people who have lots of money can do more things than people who don't have very much money, because they can afford to buy nicer things and go to better places. It also means that some people don't have enough money to buy food and clothes or to pay for school, which makes it hard for them to be able to make a living and have a good future.