Economic inequality is referred to financial disparity where everyone in the society is of different economic class, with unequal distribution of wealth and income differences and result- ing in some living in extreme poverty while others live in extreme luxury as noted by Dye (2012). Economic inequalities in advanced economies have started since the 1980s and this trend is closely correlated with the increase in the incidence of financial crises that have hit the global economy over the same period as traced by the (United Nations Development Program [UNDP], n.d.). The differences in the economic inequality has brought the changes in the sizes of different age and ethnic groups; a growing number of college graduates, and the relative decline in traditional families as observed by Scott (n.d.). According to Wilkinson (2009, p.7), the variance in the inequality brings no difference in the wealthy and the poor as, “the less fortunate has become in many ways more like that of their wealthier compatriots. A widescreen plasma television is a delight, but a cheap 19-inch TV is enough to allow a viewer to laugh at Shrek”. As claimed by Dye (2012), in countries where there is a lack of social service systems, the differences are set to be high. While some people are extremely wealthy, others may suffer inhumane situations such as starvation and lack of basic necessities. In countries where there are social service programs, the gap between the lowest economic class and the highest is generally lower, but there are still major differences in the lifestyles of the groups. According to Boushey and Hersh (2012), economic inequality and the strength of the middle class have direct effects on access and use of human capital as it encourages the poor to work harder in order to compete with the wealthier whereby it creates the environment of competence and reward. However, Thorbecke & Charumilind (2002, p.9) states “increase in economic inequality can intensify the threat of...