Income Inequality In The United States

Decent Essays

In an economy, income inequality means the unequal distribution of household or individual income over many participants. It is also often presented as a percentage of income for a given percentage of the population. Most people associated income inequality with the concept of income fairness. Assuming that the rich have a larger share of the income of a country than the population in general, then they acknowledge it unfair. What causes the income inequality might be vary? It could be region, education, sex as well as social status. Income is the amount of money you earn from your job or investment. However, wealth is the amount you own, such as car, home, retirement amount, saving accounts, and so on. Even though, we are not living in the

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