COVID-19: Growing social inequalities and social responsibility - EDITORIAL
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Sri Lanka, Oct. 19 -- The Institute of Policy Studies (IPS) in its report on the 'Status of the Economy' revealed that income inequality in the country is growing, and is a rising problem across the country for the past 25 years.
In 2016, 50% of Sri Lankan households earned less than Rs.39,855 per month. With the average household consisting approximately four persons (3.8 to be exact), this sum was and is not sufficient to sustain a family of four persons; with the average cost of two meals per family being around Rs. 24,000/-. This does not leave money for medical requirements, travel, education, recreation or savings.
Although Sri Lanka has managed to reduce income poverty from 26.1% in 1990/91 to 4.1% by 2016, income inequality has ...
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