Income Inequality In The United States Essay

Poverty has always been with us from beggars outside the gates of Jerusalem to the mentally ill homeless woman in the park. America is known for our huge difference in culture and class. This is due partly to the dynamics behind the political decisions of this country. The president himself admits that America is more unequal than it’s been since the great depression and many of his own supporters say he has failed. America now has, by many standards, the lowest social mobility of all of the high-end countries, meaning that a child born into poverty is likely to grow up as a poor adult. This is surprising for a country that not only prides itself as being a middle class society, but as the society where anyone can make it and where

The view that the rich get richer and the poor get poorer has been heard repeatedly in reference to America’s income inequality. Though ironic, it comes as no surprise that America, a continent that easily trumps other countries in terms of wealth would be affected by the issue of poverty at such high levels. While much has said regarding the poverty levels, many economists, educators and scholars feel that the income inequality in America may be the reason why it is difficult to live and maintain a middle class lifestyle or to rise out of poverty into the middle class in the current economic state. With this in mind, the only way America, has a chance of lessening or eliminating poverty altogether is by understanding how it exists.

Income Inequality in America is a problem that’s been going on for decades, and many feel that it hardly exists, the many people that feel that way are highly uneducated, and seem to not really care about this tremendous problem that in one’s eyes really has no end in the near future, in fact it has been gradually rising and one feels that it’s just not fair. Unfortunately, there’s not much that can be done, only of course if the poor class of people decide to actually educate themselves and get a higher education. One says poor class, simply because that’s how they’re classified. There are five types of levels that Americans are classified as, and they are: 1. Upper Class, 2. Upper Middle Class, 3. Middle Class, 4. Working Class, 5. Poor.

"How Economic Inequality Harms Societies." Richard Wilkinson:. TED Talks, July 2011. Web. 26 Feb. 2015.

From 1938-1969, in America was in a period called the great compression, a time where the difference between the richest and poorest Americans was very small and economic growth was explosive. Due to past and current economic policies and events, income inequality has exploded in America, which is why in 2015 America had the highest level of wealth inequality in the world at 80.56 gini[1] . In the future this inequality will slow down economic growth, increase debt for middle income Americans, make America less democratic, and reduce economic mobility. This problem, however, does have solutions and this paper will lay out some of the solutions and the effect they will have on the economy, but first I will explain the history of income inequality in the US.

Amongst all of the presidential candidates of the 2016 race, one in particular stands above the rest. Bernie Sanders, running as a democrat, holds the highest capability to better the nation amongst all other candidates.

America prides itself on being one of the most successful democratically governed counties. The idea of the American dream is that all citizens have equal civil liberties and a responsive government. However the effectiveness of democracy is being threatened by increasing inequality in the United States. “The dominant view holds that economic development and modernization are the key to the continued growth of democracy” (Snider and Faris 2001; United Nations, 2011). In the last decade especially the American Society has had significant moments of increasing equality. In 1960 the Civil Rights Movement changed how different races were viewed. Also in the 1960s the Women’s Right Movement push for equal rights between genders. Both of these

Chapter 2 was interesting and informative. First, I would like to state that changing demographics, globalization, and household composition are a few of the things which have contributed to income inequality.

Wealth inequality in the United States is at an all-time high with the top 1% being as wealthy as the bottom 50% combined. All is not copacetic. Due to the recent presidential election, there is a divide between the nation’s two major parties and even a divide inside each party. There are school shootings happening all around the country and there is more money in politics than there should be. Despite all of the bad things going on, there is always hope for the United States. There is always hope for the United States of America because, throughout the course of history, it has been able to endure every single hardship thrown its way due to its strong foundation, the US Constitution.

Many reforms in the UnitedStates have been passed to help fight against the “War on Poverty”; but it has not been effective in eradicating poverty in the U.S. There are about 46 million people who are living in impoverished conditions and poverty continues to be a social issue in this country (Heritage Foundation, 2011) In the beginning, our country was formed under the belief that “this land is the land of opportunity and if we worked hard enough the American Dream can be gained” (Schwarz, 1997). People immigrate to this country today in hopes of becoming rich so they could gain a better life. In spite of coming to this country for a better life, many are faced with the lack of skills and money to succeed. In the end, most will end

The highest earning fifth of U.S. families earned 59.1% of all income, while the richest earned 88.9% of all wealth. A big gap between the rich and poor is often associated with low social mobility, which contradicts the American ideal of equal opportunity. Levels of income inequality are higher than they have been in almost a century, the top one percent has a share of the national income of over 20 percent (Wilhelm). There are a variety of factors that influence income inequality, a few of which will be discussed in this paper. Rising income inequality is caused by differences in life expectancy, rapidly increases in the incomes of the top 5 percent, social trends, and shifts in the global economy.

There is a high degree of social inequality within the United States. Of most modern industrial countries, the United Stated has some of the richest and some of the poorest people to be found. That fact is very disturbing, however, explains why much of the inequality exists in the US. In the following essay I will explain to you about the inequality in our country and why it occurs, based on the theoretical perspectives of a functionalist, conflict theorist, and social interationist.

Out of 164 countries the United States ranks as the 12th wealthiest country in the world. Despite being one of the wealthiest nations on earth, America has an immense amount of inequality. This inequality exists in income, wealth, power, and education. The United States is a country that often promotes the ideology that it was built for people coming from unestablished economies in need of equal rights as well as better jobs in order to support their families. The media often portrays this false illusion of this country being the land of equality and opportunity. Yet people are pulled into the country with a jaded understanding of the opportunities and restrictions that are actually prevalent. Moreover there is an abundance of natives who

Every American dreams of finding a job that pays well enough so that they may comfortably take care of their loved ones and themselves for years to come. Most Americans hope to find some way to make a living that they enjoy, something that they view as productive. Unfortunately, many do not have this luxury. In our society, a good portion of the population is forced to hold the base of our country in place while hardly being redeemed for their time and effort, and thus the problem of income inequality. Numbers of these people live from paycheck to paycheck, barely getting by, not because they manage their money poorly, but because the value of their time at work is negligible.

Thousands of individuals are living in poverty. Why is it that this worldwide dilemma is still rising in rapid numbers till this day? Is it because of a lack of authoritative power, or a lack of one’s self control to do good? Despite the unknown cause, it has managed to drastically affect the lives of many. Poverty is like a curse, one that is wrongfully placed, difficult to get out of, and resistant to many forms of help.