Economic inequality refers to the unequal distribution of wealth and income among individuals or groups. Its consequences include **social stratification**, where disparities in wealth create distinct classes and reduce social mobility. Inequality can lead to **health disparities**, with lower-income groups experiencing worse health outcomes and reduced access to healthcare. It often results in **educational inequities**, limiting opportunities for lower-income individuals and perpetuating cycles of poverty. Economically, high inequality can hinder **economic growth** by reducing overall consumption and investment. It can also contribute to **social unrest** and political instability, undermining societal cohesion and trust in institutions. Addressing economic inequality is crucial for fostering a fairer, more inclusive society.