It's now almost impossible to work your way to riches, says report into growing wealth gap

Sky NewsWednesday, October 8, 2025 at 12:40:00 AM
It's now almost impossible to work your way to riches, says report into growing wealth gap
A recent report highlights the increasing difficulty of achieving wealth in today's society, emphasizing that the growing wealth gap is making it nearly impossible for individuals to work their way to riches. This matters because it sheds light on the systemic barriers that hinder economic mobility, raising concerns about fairness and opportunity in the economy.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Canada is buying 85% less U.S. booze than last year amid trade war: report
NegativeWorld Affairs
A recent report reveals that Canada is purchasing 85% less alcohol from the U.S. compared to last year, a significant decline attributed to ongoing trade tensions. This shift highlights a growing sentiment among Canadian consumers who perceive U.S.-imposed tariffs as unfair. The decrease in imports not only affects U.S. producers but also reflects broader implications for international trade relations, making it a crucial development to watch.
Canada is buying 85% less U.S. booze than last year amid trade war: report
NegativeWorld Affairs
A recent report reveals that Canada is purchasing 85% less alcohol from the U.S. compared to last year, a significant decline attributed to ongoing trade tensions. This shift highlights a growing sentiment among Canadian consumers who perceive U.S.-imposed tariffs as unfair. The decrease in imports not only affects U.S. producers but also reflects broader implications for international trade relations, making it a crucial development to watch.
Latest from World Affairs
Australia politics live: Wells says Optus sent ‘inaccurate and misleading’ advice to her office as Ley again targets triple-zero failures
NegativeWorld Affairs
In a heated session at Parliament House, Communications Minister has faced intense scrutiny over claims that Optus provided 'inaccurate and misleading' advice to her office. This situation highlights ongoing frustrations regarding the telecommunications sector's reliability, particularly as Ley continues to criticize the government's handling of triple-zero emergency services. The implications of this debate are significant, as they touch on public safety and the accountability of major service providers.
Muslims in India’s poll-bound Bihar battle ‘Bangladeshi infiltrator’ tag
NegativeWorld Affairs
As Bihar approaches its assembly elections, the Bangla-speaking Muslim community in the Seemanchal region is facing heightened tensions due to being labeled as 'Bangladeshi infiltrators.' This stigma not only affects their social standing but also raises concerns about their political representation and rights. The situation is critical as it highlights the intersection of identity and politics in a region where communal narratives can significantly influence electoral outcomes.
Pat Cummins expected to miss first Ashes Test as doubts grow over fitness for entire series
NegativeWorld Affairs
Australia's cricket captain Pat Cummins is likely to miss the first Test of the Ashes series against England in Perth due to ongoing concerns about his fitness. He has not yet resumed bowling as he recovers from a back injury, raising questions about his availability for the entire series. This situation is significant as Cummins plays a crucial role in the team's performance, and his absence could impact Australia's chances in this highly anticipated competition.
Charlie Mackesy reveals much of his new book was lost when iPad was stolen
NegativeWorld Affairs
Charlie Mackesy, the beloved author of 'The Boy, The Mole, The Fox and The Horse,' recently faced a setback when his iPad, containing a wealth of ideas for his new book, was stolen from his car. This incident not only disrupts his creative process but also highlights the vulnerabilities artists face in protecting their work. Fans are surely hoping he can recover from this loss and continue to inspire with his unique storytelling.
How China Threatens to Force Taiwan Into a Total Blackout
NegativeWorld Affairs
China's potential blockade of Taiwan poses a serious threat to the island's energy resources, which heavily rely on imports. This situation is alarming as it could lead to a total blackout, impacting daily life and the economy. Understanding this threat is crucial as it highlights the fragile balance of power in the region and the implications for global stability.
Italy’s Meloni says ICC complaint accuses her of Gaza genocide complicity
NegativeWorld Affairs
Italian Prime Minister Giorgia Meloni is facing serious allegations as a complaint has been filed with the International Criminal Court (ICC), accusing her government of complicity in genocide due to its arms supplies to Israel during the ongoing Gaza conflict. This situation is significant as it raises questions about Italy's foreign policy and its implications for international law, especially in the context of the humanitarian crisis unfolding in Gaza.