Income inequality, according to Nate Hagens, refers to the uneven distribution of financial resources among individuals within a society. This disparity manifests in a wide gap between the rich and the poor, where a minority accumulates substantial wealth while a significant portion of the population struggles to meet basic needs. Hagens would likely emphasize that income inequality is not merely an economic issue but a symptom of broader systemic inefficiencies, including unsustainable resource consumption and ecological degradation. He might argue that our current economic model, driven by short-term gains and growth imperatives, exacerbates these disparities. Ultimately, Hagens would suggest that addressing income inequality requires a holistic understanding of our interconnected social, economic, and environmental systems, advocating for a more equitable and sustainable approach to resource distribution and societal well-being.

See also: wealth inequality, economic system, financial system, economic growth