Poverty Puzzle: Deepening Gap Between Rich And Poor

Monash Lens

For years, the narrative of growing poverty has tugged at our heartstrings, with people either living with barely enough to survive, or dying with even less.

  • Brett Inder

    Professor, Econometrics and Business Statistics, Monash Business School

  • Sara Niner

    Lecturer, Anthropology, School of Social Sciences

  • Paul Kellner

    Research Fellow, BehaviourWorks Australia, Monash Sustainable Development Institute

  • Asadul Islam

    Professor, Department of Economics

  • Hang Vo

    Chief Executive Officer, Sacred Heart Mission. President of the Australian Council of Social Service

So why is it only getting worse? Despite years of efforts to address the issue, poverty is only getting worse. Not only that, but middle-class families are now also struggling to make ends meet as the cost-of-living crisis bites, while the wealth gap between the rich and the rest of us continues to grow.

The growing number of displaced persons only adds to the critical need for change. The relationship between poverty and displacement is cyclical.

Poverty can make people more vulnerable to displacement, as they may lack the resources to cope with environmental or economic shocks, or may be forced to flee their homes due to conflict or persecution.

Conversely, displacement can lead to poverty, as people may lose their livelihoods and access to basic services, and may struggle to rebuild their lives in new communities.

How does the poverty cycle perpetuate itself, and how can we break free from it? Can a recession help reset the balance? Is there anything else we can do to restore balance, without enforcing a new political ideology?

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