Development strategies that served countries well in their low-income phase—capital investment, in particular— yield diminishing returns. Countries with weaker institutions— and especially those with ...

While economic inequality is a broad topic, it can be helpful to tackle it head-on in your financial life. "Even if you are poor or low-income, research has shown you can build wealth," McKernan says.

Explore the EY Foundation's report on AI and social mobility. Find out how AI can unlock improvements in educational, skills, and employment opportunities for young people from low-income backgrounds.