Economic disparity refers to the unequal distribution of wealth and resources among individuals or groups within a society. This means that some people have a lot of money and access to opportunities, while others struggle to meet their basic needs. For example, in many countries, the wealthy elite may enjoy luxurious lifestyles, while low-income families face challenges like inadequate housing and limited access to education. This gap can lead to social issues, such as increased crime rates and reduced social mobility. When children grow up in poverty, they often lack the same opportunities as their more affluent peers, perpetuating a cycle of disadvantage. Addressing economic disparity is crucial for creating a fairer and more equitable society.