Examlex
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Higher Income Groupings
Refers to classifications of individuals or households that earn above a certain threshold of income, often compared within a broader economic context.
Lower Income Groupings
classifications of individuals or families that earn relatively less income compared to the median or average levels within a society.
Income Inequality
The unequal distribution of household or individual income across the various participants in an economy, leading to social and economic disparities.
Bottom Quintile
The lowest 20 percent segment of a population, often used in the context of income or wealth distribution.
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