Via the International Monetary Fund:
Income inequality among people around the world has been declining in recent decades. But the news is not all good. Inequality within many countries has increased, particularly in advanced economies.
In addition to income inequality, wealth inequality—what you have accumulated, as opposed to what you earn—is closely related, and reflects differences in savings, inheritances, and bequests.
In our Chart of the Week from the October Fiscal Monitor, we zoom in on inequality of wealth—the distribution of wealth across households or individuals at a given time.