The Poverty Of The United States

1486 Words Aug 2nd, 2015 6 Pages
America is one of the wealthiest nations in the world with having a high inequality than other industrialized countries. Inequality exists in income, wealth, power and education. People who are legally and socially poor in the United States tend to stay in a cycle through life, not always by choice, but because they are given less opportunities, education and tools to achieve their success. The poverty stricken class has a significantly larger income gap than the upper class, the American Dream is weakened through opportunity and is shown through statistics. Inequality exists and is high in America due to the amount of income and wealth that is distributed through power. In America the income distribution is very inequality and the value of a person’s wealth is based on their income with their debts subtracted. “As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers)” (Domhoff, 2011).
In contrary, the poor do not get ahead and the rich get more. Americans are judged and placed in class categories through their home ownership which in turn, translates to wealth. American’s social class is often associated with their assets and wealth. “People seek to own property, to have high incomes, to have interesting and safe…

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