Income equality refers to the extent to which income is distributed evenly among a population. In a society with high income equality, individuals earn similar amounts, reducing the gap between the richest and the poorest. This concept is often measured using tools like the Gini coefficient, which quantifies income distribution. Achieving income equality can lead to various social benefits, such as improved health outcomes and increased economic stability. It is often a goal for policymakers and organizations aiming to create fairer societies. Factors influencing income equality include education, job opportunities, and government policies like minimum wage laws.