Income inequality = poverty. I've been studying worker-owned businesses (worker coops) as a means to correct this. Many boomer businesses are ripe for moving to worker-owned. Take a look at Richard Wolff's work on this:
I'd prefer a different system than capitalism with its many faults, but this is a good interim solution.
The first thing that needs to be done is to address the academics stop making people fail with the flawed education system. Stop discouraging and increase encouraging learning behaviors. Teach people how to succeed and this does not need to be with the set in stone norms. Common sense classes in schools could make the difference to help many to be successful.
Schools do not teach delayed gratification, usury, investing, finance. Parents who are devoid of those lessons, ie great grand children of slavery, illiteracy, Jim Crow, segregation, red lining, etc are disadvantage from inception. A we have provided more information especially on the internet, exposure to the Oracles of wealth may infuse their sphere of inherited poverty with the lessons of success. One sees little of it in our immigrants who have 3 jobs ie steriotypical Jamaicans, those that employ their family to retain wealth ie steriotypical Koreans, purchase franchises ie steriotypacal East Indians Mr. Apu, restaurants ie steriotipical Greeks, ie my grandfather.