Permanent income is more equally distributed than is current income because:

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Permanent income is the average income over a person's lifetime, while current income is their income at a particular moment in time. Current income is subject to transitory changes, such as job loss or gain, inheritance, or unexpected expenses, which can cause fluctuations and create income inequality. In contrast, permanent income reflects a person's long-term earning potential and is less affected by short-term changes, making it more equally distributed.

Permanent Income Is More Equally Distributed Than Is Current Income