Half the World Faced Rising Income Inequality in 2023: Study

• A new study revealed that approximately half of the world's population faced rising income inequality in 2023.
• Despite a 94% increase in global national income since 1990, inequality rose for 46-59% of the population.
• The research analyzed three decades of income inequality data from 151 nations, highlighting subnational trends.
• Case studies, including India, showed varied regional outcomes, with southern states making more inclusive progress.
• The study indicates a collective failure to meet the UN's Sustainable Development Goal 10 to reduce inequalities by 2030.

Why It Matters: Global income inequality is worsening for half the population, jeopardizing UN goals.