Fact Check: Income inequality has been a persistent issue in many economies worldwide.

Fact Check: "Income inequality has been a persistent issue in many economies worldwide."

What We Know

Income inequality has indeed been a significant and persistent issue across various economies globally. According to a report by Brookings, income inequality has risen in most advanced economies and major emerging economies over the past four decades. This trend has been particularly pronounced in countries like the United States, China, India, and Russia, which collectively account for a substantial portion of the world's population and GDP. The report highlights that the income share of the top 10% has increased sharply, while those in the bottom 50% have experienced a decline in their income share.

Moreover, the World Social Report 2025 indicates that two-thirds of the world's population live in countries where income inequality is on the rise, underscoring the global nature of this issue. The report emphasizes that urgent action is needed to address these disparities, which have been linked to social discontent and political polarization.

Analysis

The evidence supporting the claim of persistent income inequality is robust and well-documented. The Brookings report provides a comprehensive overview of the trends in income distribution, noting that contemporary global inequalities are approaching levels observed in the early 20th century, during periods known for significant economic disparity. The report's reliance on data from the World Inequality Database adds credibility to its findings, as this database is widely recognized for its comprehensive and rigorous data collection methods.

In contrast, while some sources, such as the International Monetary Fund, discuss the implications of slow economic growth on inequality, they do not contradict the overarching trend of rising income inequality. Instead, they provide additional context on how economic conditions can exacerbate existing disparities. This suggests that the claim of persistent income inequality is not only supported by multiple sources but is also a widely recognized concern among economists and policymakers.

The reliability of the sources used in this analysis is high. Brookings is a reputable think tank known for its research on economic issues, while the United Nations reports are produced by a credible international organization focused on global development and social issues.

Conclusion

Verdict: True
The claim that "income inequality has been a persistent issue in many economies worldwide" is accurate. The evidence from multiple reputable sources indicates a clear trend of rising income inequality in both advanced and emerging economies, with significant implications for social stability and economic policy. The ongoing discussions and research surrounding this issue further underscore its relevance and urgency in contemporary economic discourse.

Sources

1. Rising inequality: A major issue of our time
2. Guaranteed Income Supplement: Your application - Canada.ca
3. 6 takeaways from the World Social Report 2025
4. Canada Disability Benefit - Canada.ca
5. A Low-Growth World Is an Unequal, Unstable World
6. Old Age Security payment amounts - Canada.ca
7. World Economic Situation and Prospects as of mid-2025
8. Ontario tax information for 2024 - Personal income tax - Canada