U.N. Development Program: Income Inequality

income inequality: The U.N. Development Program warned in a report on Wednesday that income disparities in countries around the world have been worsening, posing new risks for global economic and political stability, according to Reuters. The report said income inequality increased by 11 percent in developing countries over the two decades between 1990 and 2010. The majority of households in developing countries more than 75 percent of those nations' populations are living today in societies where income is more unequally distributed than it was in the 1990s, the report said and By Louis Charbonneau The warning echoes remarks from U.S. President Barack Obama in his annual State of the Union address on Tuesday, in which he said there was a widening gap between rich and poor in the world's biggest economy and that while the stock market has soared, average U.S. wages have barely budged. (www.immigrantscanada.com). As reported in the news.