Causes Of Wealth Disparity In The Poor And Poor People?

Some problems associated with living in a neighborhood with a high percentage of the population living in poverty include increased crime rates, poor education, health problems and psychological distress. The concentration of people in high poverty neighborhoods magnifies the problems faced by the poor. This is because it leads to the concentration of the ills associated with poverty. Children in these neighborhood do not only lack basic needs but are also exposed to an hostile environment that holds numerous temptations and does not provide positive motivation (McConville & Ong, 2003). In addition, because schools are distributed geographically, children from high poverty neighborhoods attend the same schools and this result in low performance. This concentration also intensify the shift of the middle and higher income families away from these neighborhoods thus creating a gap between social needs and the financial base necessary to address these issues. The concentration of poverty is important because it has an impact on the distribution of income which might undermines the social fabric and may restrict opportunities for others (Jargowsky, 2003).

In Thomas Shapiro’s “The Hidden Cost of Being African American”, Shapiro goes in depth on how wealth in America is disproportionately dispersed between different nationalities. Mainly between Caucasians and African Americans. Shapiro has helped paint the image of wealth inequality and has shown how this is even more staggering than the wage gap between African Americans and Caucasians. Some of the theories he indirectly uses in his book and that I will be exemplifying are generational wealth and support systems, education, and the idea of how poverty only begets more poverty.

Despite beliefs to the contrary, the increasing disparity in real wealth between white and black Americans during the past half century shows that the economic system is unjust. Considering factors such as less intergenerational inheritance, higher unemployment and lower incomes serve as key components in economic disparity. Disparity can be viewed as a systematic design to keep a specific group of people continually oppressed through a mixture of inequality, injustice and power. When there is an inequality that is also an injustice (Wright, 2009).

The difference of income and workers conditions has been a timeless conflict present throughout history of the United States. In the past workers were faced with deadly work conditions and around the clock hours for little pay. These unjust conditions dramatically increased during the Industrial Revolutions that the United States experienced in the nineteenth century. The latter period of industrialization produced the organization of the first labor unions in the Country, namely the Knights of Labor established in 1869 and the American Federation of Labor established in 1886. In present day countless unions exist, and are a lot less needed than they were in the early industrial days of the United States (Brinkley, 2012).

The different wage gap and social class is yet another aspect that will hinder the ability for good people be able to achieve what they want to do in life. Part of the reason that poverty is such a problem is the fact that it relates back to racism and the fact that only certain people and certain genders are able to hold jobs in business and communities. There is a huge pay gap between different races compared to the white income level. The mean black income is 60% less than the white pay. This causes a numerous amount of different problems that hold other races back. It makes it harder for them to raise a family and change their life. One of the ways that they could change their life is if they were to move to a different area and try to

Money has become the lethal weapon that controls everything in society, it is an essential need in order to survive. Without money one simply cannot provide for their basic needs such as food, housing, clothing etc. As the value of money increases in the country it creates a heavy burden on the lower class. In terms of wealth in the United States we have the lower class (bottom twenty percent), the middle class (second twenty percent, middle twenty percent), and the upper class (fourth twenty percent, top twenty percent). As time passes by, the gap between the top twenty percent and the bottom twenty percent rapidly increases, leaving a dramatic gap between the two. The question that comes to thought is, is the distribution of wealth in the

What is wealth inequality? “It is the difference between individuals or populations in the distribution of assets, wealth or income.” [1] In sociology, the term is social stratification and refers to “a system of structured social inequality” [2] where the inequality might be in power, resources, social standing/class or perceived worth. In the US, where a class system exist, (as opposed to caste or estate system) your place in the class system can be determined by your personal achievements. However, the economic and social class that an individual is born into is a big indicator of the class they will end up in as an adult. [3] What are the effects of this wealth inequality in the US and what causes it as well as some possible solutions

The wealth gap should not be allowed to continue because, by letting the wealth gap continue, people are turning themselves into slaves. People's perceptions on the subject are secured by what is reality. There are solutions to make the wealth gap shrink but it will take education and the commitment of everyone. Who is affected by the wealth gap? If the gap was to shrink who would benefit from it? Wealth inequality is wrong but it can be fixed with education.

The biggest problem in today’s economy is wealth distribution also known as income inequality. Income inequality is the unequal distribution of income across various participants in a nations economy. This unequal distribution can be seen when looking at things such as property, valuable possessions, stock, savings, and investments. While the wealth of the US is clearly distributed unevenly, a “gap” between the rich and the poor continues to grow. Wealth distribution and the gap between the rich and poor is directly related to the concept of unequal opportunity. Economists such as Andrew Carnegie and John Kenneth Galbraith both believed that the economy is unfair and everyone should be given an equal opportunity to become wealthy and successful. People who are more fortunate should also try to help better the community and put there wealth towards society. Other economists such as Thomas Malthus and Garret Hardin believe that there will always be some percentage of humans

In America, we can describe wealth inequality as the unequal distribution of assets within a population. “The United States exhibits wider disparities of wealth between rich and poor than any other major developed nation” (Wealth inequality). The way wealth is defined is by equating the net worth which is the total sum of you assets minus liabilities. What includes in assets is everything that you own such as personal residence, stocks, real estate, and retirement accounts. Now, liabilities cover what a household owes such as, credit card balance, student loan, a car loan, etc…

The unequal income between the rich and the poor is hard to visualize, so let me break it down for you. The distribution of pay from employers to employees has a big impact on the society we live in. Glassdoor.com said that “…a CEO’s salary is 204 percent more than the average employee” (Chamberlain, Dr. et al.). There is evidence provided by a company called The Ruben Report that shows in a video that “…between 2003 through 2013 the average household income dropped 36 percent, but the top 5 percent of the rich rose 14 percent” ("Startling Fact About Income Inequality in America - Bing Video"). We might ask ourselves how did the top 5 percent of the rich

I think that wealth and income inequality give off more social problems and both lead to more negative issues than positive. Crime can tend to occur because of money and that often involves a wealthy person as well as a lower class person. I also think that income inequality can correlate with life expectancy. The rich may live longer because they have more money and therefor are able to afford better health care than the poor. It is crazy to think that some people have too much money than they know what to do with while others don’t know when their next meal is. We live in a vicious cycle where the richer can get richer because of investments and the poor struggle to find jobs because they don’t have the money to buy a car to be able to go

What exactly is wealth disparity? And why does it matter? The website inequality.org is a fascinating website full of statistics on this topic and provides data by analyzing whether policies instituted help, or hurt this problem. They define wealth inequality as “the unequal distribution of assets within a population. The United States exhibits wider disparities of wealth between rich and poor than any other major developed nation” (inequality.org, 2017, para. 1). Using terms such as distribution of assets would give the idea that we live in a socialistic economy. This word seems to be Taboo in America, but people don’t realize that we are very close to this concept. It is just hidden better. There are many reasons that this

“The reasons poverty rates remain high despite the [economic] recovery has to do with wage decline and failure of the “safety net” i.e, the government systems of taxes and transfers designed

In the United States there is an extreme negative economic gap that exist which is deplorable because it numbers based on inequality are worse than countries like Iran, and Russia. The early 80’s is when the wealth gap began to increase rapidly as there was a gap being created. This gap was not only wealth but also economic which is why the middle class began to disappear. But because of the situation what now has happened across the countries is that both rich and poor inhabitant the same neighborhoods and locality. This was from many affluent people who once let the cities but now returned back to the cities due to attractiveness of jobs opportunities. Therefore, there is an influx of wealthy, more educated, affluent people who move back to the city. In return, values go up because of mass people who want to live there and this drives those who were there who are less wealthy to become to some degree more poor. Moreover, because of this there is a question on whether this is just a economic inequality or a inequality of opportunity. Some of those that are rich or from affluent families are born into a family with already given opportunity. Is that those which are already having a chance even before having to work hard? According to (Pearlstein, 2017), unequal income has meant the rich have an extra 1.2 trillion dollars. This means that they are able to spread this wealth with those especially children who are at a disadvantage. The inequality that exists is far above just