Wealth And Poverty In The United States

Although many citizens typically make enough to live and support a family, there are still cases where individuals lack the financial support needed to administer aid to their household. A few factors that hinder members of the workforce are job availability, child care necessities, transportation, and educational requirements. For example, there are people that want to work, but after expenses are paid for transportation, childcare, etc. there is very little left

Many individuals all over the world are affected by poverty. In order to completely understand the cause, the effect, and the solution to ending poverty, we must first understand the meaning of poverty. Poverty is the condition where an individual’s basic needs for food, clothing, and shelter are not being met (business dictionary). According to the World Bank Organization, poverty is also the lack of healthcare, education, information, and jobs. There are two general types of poverty: Absolute and Relative. Absolute poverty occurs when individuals cannot obtain adequate resources to support a minimum level of physical health. Relative poverty occurs when individuals do not

According to Inequality.org, “We equate wealth with ‘net worth,’ the sum total of your assets minus liabilities. Assets can include everything from an owned personal residence and cash in savings accounts to investments in stocks/bonds, real estate, and retirement accounts. Liabilities cover what a household owes: a car loan, credit card balance, student loan, mortgage, or any other bill yet to be paid. In the United States, wealth inequality runs even more pronounced than income inequality” (Wealth). Wealth disparity affects everyone in America. When the top twenty percent of earners in America take over fifty percent of total earnings in any given year, It can be see as very unfair by anyone who is in the middle class and especially the lower class of citizens in the U.S. It is safe to say that both sides of the political world (Republicans and Democrats) are equally worried about how economic inequality will affect their children and future generations. No matter who you ask, rich or poor, and whatever their opinion on the shape of economic distribution in America is, they most likely have a unrealistic sense of the state it is actually in.

Poverty affects millions of people living in the united states, poverty is measured by the amount of money needed to support the basic needs of a house hold. Poverty is measured by the SSA low-cost food budget assuming 1/3 of the budget is spent on food. The people with the highest percentage of poverty is shown to be Hispanic female households with no spouse present. The vast majority of people in poverty are women and children but in recent years the numbers of women considered poor have raised. Percentage rate is the percentage of poor in different counties. Looking at graph that maps Americas diversity shows that the highest poverty rate is in the South the Midwest has the least. I would assume that has to do with the weather, warmer weather

The U.S. is among the richest countries in the world today, yet millions of people in America still live below the poverty level. The number of Americans living in poverty is increasing day by day as well as the number of children. Poverty in America has become a great threat to children’s wellbeing as they are affected emotionally, socially, and even in their school performance (Wood 720). Poverty in America is mainly caused by lack of jobs. Many people who live in poverty in the United States is due to lack of jobs and getting jobs with minimum wage. Another cause of poverty is due to the rise in the cost of living. Poverty exists in America despite the fact that is among the richest nations in the world.

Poverty is a human services issue that is spread throughout the nation and world. ‘The percentage of children who are poor is more than three times as high in the United States as it is in Norway or the Netherlands.’ (Porter, 2016) The trend since 2000 is that there is an increasing amount of families, and in turn children, living in poverty. Poverty has been defined as the state of being extremely poor. But what does that mean? Poverty is the lack of financial, emotional, spiritual, mental, and physical resources. Children cannot change their situation because they are dependent on adults to provide for them which makes poverty easily passed from generation to generation. “Poverty directly and indirectly affects

The crowd began filing into Sister Jean’s soup kitchen on Pacific Ave. in Atlantic City, N.J. well before lunch was to be served, while directly across the street, people with money to burn strolled into Donald Trump’s massive and garish Taj Mahal casino.

“Poverty is about not having enough money to meet basic needs including food, clothing and shelter” (“What is Poverty,” 2016). In the United States, there are 45 million Americans are living in poverty (“45 Million Americans,” 2014). In order to determine if one is living in poverty, the United States Census Bureau has established a poverty line that they then measure, according to the individual’s income and their family size (“Poverty Thresholds,” 2016; “Poorest Cities in America,” 2016). Since the recession in 2008, many states have seen a rise of families living in poverty. Poverty is a vicious cycle and has devastating effects on young children.

An issue that impacts the world globally is poverty. Poverty is a problem that is not to be taken likely. Poverty affects almost the majority of the world's population, and it can turn into hate, lust and other things that can affect family, friends, cities, government, and even nations. Take Germany for example. During the era of WWII, the Germans started to go down an economic slump and recession because of the harsh Treaty of Versailles that France and Britain dictated on. Corrupt leaders in Germany influenced the poor that Jews were the reason for the loss of the first World War. Because the people were tired of living in poverty, they decided to believe these so-called "leaders" and scapegoat the Jews, and they did not take the acceptance

Wealth in the United States is generally thought to be distributed fairly as the highest earners have a higher percentage of wealth. Although this common notion is technically correct, the wealth is not spread as fairly as people might believe. The United States uses a free market, capitalistic economy, which entails wealth inequality. However, the amount of wealth inequality depends on how the government limits the wealthy. Interestingly enough, the government does not have regulations to distribute the wealth more fairly as the top 1% of earners in the United States own about 40% of the financial wealth in the country and the bottom 80% of earners own a measly 4.7%. Astonishingly, the financial wealth for the top 20% increased from 1983 to 2010 meaning the wealth became more concentrated at the higher socioeconomic tiers as time passed. These economic inequalities benefited the wealthy as they gained political powers, controlled a large portion of the economic market, and used capitalism to manipulate the public’s perspective of the wealth distribution in the United States. While wealth inequality is a result of capitalism, extremely wealthy people use their wealth to exercise political power,but the average person does not understand that this is a corrupt method of crippling the economy in favor of the ultra wealthy.

A prosperous nation requires political leaders that are continuously formulating plans to eliminate obstacles that harm the economy, environment, and mankind. Although there are numerous global issues present in today's society, I believe that the current Republican and Democratic presidential candidates should have a campaign that solely focuses on decreasing property and the inequality of wealth in our world. According to UNICEF, 22,000 children die each day due to poverty, and they “die quietly in some of the poorest villages on earth, far removed from the scrutiny and the conscience of the world. Being meek and weak in life makes these dying multitudes even more invisible in death." Unfortunately, poverty and the inequality of wealth are intensifying because of unfulfilled promises of increasing interconnectedness that are immensely contributed by

After reading the articles, I was surprised that 68% of our population lives in poverty once in their lives time. There are so many poor people living in poverty, but also working really hard to achieve “the American dream”. But due the lack of support, many People think that the poor are all lazy and do not want to work, just because that is the idea of a poor person. However, reflecting back if 68% of the population has once lived in poverty, then how it could be laziness. The problem is that the policies in America focuses more on the negative aspect of people in poverty rather than trying to resolve it. When the article talks about how people used to live “the American dream” while working on the minimum wage, I was wondering if the wealthiest

Children in poverty is a typical social issue occurring in society today. “More than 16 million children in the United States – 22% of all children – live in families with incomes below the federal poverty level” (“National Center For Children In Poverty,” n.d.). The federal poverty level measures the amount of income a family takes in per year. It varies depending on the number of people in a family. For a nuclear family (two parents and two children) the federal poverty level is around twenty-four thousand dollars in a year (“Health Care.gov,” n.d.). The average American makes around forty-six thousand dollars a year. The parents of the children in poverty make at least twenty-two thousand dollars below the average. Their families are extremely poor. Also, not just one child is facing this hardship, sixteen million children are part of families below the federal poverty line, just in America. “About 22% of children in the U.S. lived below the poverty line in 2013, compared with 18% in 2008” (Calfas, 2015). Unfortunately, the rate of poverty affecting children has gone up through the years. More and more children will face poverty during day to day life. Children can be affected by poverty in many ways. “Poverty can impede children’s ability to learn and contribute to social, emotional, and behavioral problems. Poverty also can contribute to poor

Poverty is a considerable social problem; with a significant impact on those who suffer within. Growing up in poverty “reduces a child’s chance of growing up to be a healthy, well-adjusted, and contributing adult in our society” (Crosson-Tower, 2014, p. 59). Poverty is families having to struggle to afford necessities. Poverty does not know where your next meal is coming from or having to choose between paying rent and seeing a health care provider. The impact of poverty affects one’s ability through physical, social, emotional, and educational health. Even though individual overcome poverty it still extends across cultural, racial, ethnic, and geographical borders. Children represent the largest group of poverty in the United States. “Growing up in poverty places a child at a profound disadvantage and substantially lowers the chances that the child will mature into a well-adjusted, productive, and contributing

Many Americans believe that America has one of the most powerful economies that is involved in the global market and the best average living standards. Since the creation of the United States it has been known as the land of endless opportunities, regardless of social or economic classes. Under this philosophy, all citizens should have equal rights and given equal opportunity to progress in the workforce. However many Americans are living full lives and do not have financial obstacles to get over. Even so, millions of Americans are still faced with poor living conditions and struggle with providing for their families basic needs. Whether Americans believe poverty and inequality exist in America exists or not, the authors in three different articles:” Culture of Success” by Brink Lindsey, “A Great Time to Be Alive?” by Matt Yglesias, and “Born Poor and Smart” by Angela Locke, and “The War Against the Poor Instead of Programs to End Poverty”by Herbert J. Gans, shared ideas on how to help fix the problems of the impoverished community and address the cause of the problem. The four articles also explain different biases that the impoverish have to endure everyday.