Reduced Inequalities Lab

Although the past twenty-five years have seen a notable rise in global living standards, the vast majority of economic gains continue to go to a very small portion of humanity. This creates global conditions where vulnerable and marginalized populations around the world face a disproportionate share of health and humanitarian crises.

Build a future where no one is left behind by joining the Reduced Inequalities Lab, part of Prepr’s Sustainable Innovation Lab series.

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UN Sustainable Development Goal (SDG) 10: Reduced Inequalities.

UN Sustainable Development Goal #10: Reduced Inequalities

This UNESCO goal aims for the substantial reduction of wealth inequality by the year 2030. It targets improved socioeconomic inclusion and opportunity, as well as policy interventions to ensure greater social protection and economic equality. This goal also aims for improved regulation, monitoring and accountability for financial institutions, as well as improved assistance for developing countries.

Key facts about economic inequality

More than 70% of the world’s adults own under $10,000 in wealth. This 70% only owns 3% of global wealth.

Under 1% of the global population owns over 45% of the world’s wealth. The richest 1% has owned more wealth than the rest of the planet since 2015.

Eight men own the same amount of wealth as the poorest half of the world.

The ten wealthiest billionaires own over $505 billion combined, more than most nations’ total national product.

The poorest 10%’s income increased by less than $3 a year since 1988, while the income of the richest 1% increased by over 182 times as much.

Wealth among the ultra-rich has increased by 11% every year since 2009.

Returns like this to billionaires indicated we could see the world’s first trillionaire within 25 years.

10% of the world lives in extreme poverty and lacks access to basic education, clean water, modern sanitation and electricity.

In 2016, over 64.4% of products exported by the least developed countries to world markets faced zero tariffs, an increase of 20% since 2010.

Social protection has been significantly extended globally, yet persons with disabilities are up to five times more likely than average to incur catastrophic health expenditures.

Up to 30% of income inequality is due to inequality within households, including between women and men.

By joining the Reduced Inequalities Lab, you can:

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Build solutions for the real world using our expert tools and resources

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Connect and share your innovations with like-minded experts and entrepreneurs using Prepr’s virtual Lab network

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Go from problem to pitch deck in 90 days or less using Prepr’s P.I.E.® Framework

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Build a portfolio project or CSR initiative that stands out and makes a real-world impact

Ready to build for a better future?

Get recognized for solving real-world problems. Join the Reduced Inequalities Lab today.