Wealth Inequality
Wealth Inequality and its Impact on Society
Life in present-day America is very unequal. There are wide gaps in income distribution which causes negative impacts on the everyday lives of most Americans. This income gap is wider than at any other time in the past century. The United States has the largest gap between rich and poor than any other democratic country in the world. Income inequality has negative effects on the entire society. American minority groups and women earn less money than their white counterparts. The educational system in the country is suffering ranking fourteenth among industrialized nations. Research shows that the wealthier a person is the longer their lifespan will be. Increased crime rates in the poorer inner cities …show more content…
population. It also states that the richest 100 households in the U.S. have more combined wealth than the entire African-American population in the United States. Donald Trump, republican candidate for the American presidency has a net worth of well over five billion dollars. According to glassdoor.com n.d. the CEO of Starbucks makes close to 22,000,000 a year in salary while a worker in one of his stores averages $22,000 a year. The CEO of Walt Disney Company's earns close to $47,000,000 annually while the average worker in his company makes $80,000 a year. These are just two examples of the numerous companies in the United States which have similar disparity in company pay. This gap in pay has a negative impact on American …show more content…
Many of America’s large cities are segregated along ethnic lines still today. In these larger metropolitan cities economic opportunities are not as vast as they are in more affluent communities. The educational levels of the parents are often the best predictors of social and economical status in society. Many lower income parents are teenagers themselves with little high school education. This inequality has devastating effects on the tax paying citizens and their families who live in the segregated areas. Families are very important in the development of children and the school system plays a vital role in preparing children for future success in life. Children from low income communities often go to school hungry. Many school systems provide free breakfast for students whose families show financial need. Research shows that students who come from more financially stable families do better on tests and graduation
Life in present-day America is very unequal. There are wide gaps in income distribution which causes negative impacts on the everyday lives of most Americans. This income gap is wider than at any other time in the past century. The United States has the largest gap between rich and poor than any other democratic country in the world. Income inequality has negative effects on the entire society. American minority groups and women earn less money than their white counterparts. The educational system in the country is suffering ranking fourteenth among industrialized nations. Research shows that the wealthier a person is the longer their lifespan will be. Increased crime rates in the poorer inner cities …show more content…
population. It also states that the richest 100 households in the U.S. have more combined wealth than the entire African-American population in the United States. Donald Trump, republican candidate for the American presidency has a net worth of well over five billion dollars. According to glassdoor.com n.d. the CEO of Starbucks makes close to 22,000,000 a year in salary while a worker in one of his stores averages $22,000 a year. The CEO of Walt Disney Company's earns close to $47,000,000 annually while the average worker in his company makes $80,000 a year. These are just two examples of the numerous companies in the United States which have similar disparity in company pay. This gap in pay has a negative impact on American …show more content…
Many of America’s large cities are segregated along ethnic lines still today. In these larger metropolitan cities economic opportunities are not as vast as they are in more affluent communities. The educational levels of the parents are often the best predictors of social and economical status in society. Many lower income parents are teenagers themselves with little high school education. This inequality has devastating effects on the tax paying citizens and their families who live in the segregated areas. Families are very important in the development of children and the school system plays a vital role in preparing children for future success in life. Children from low income communities often go to school hungry. Many school systems provide free breakfast for students whose families show financial need. Research shows that students who come from more financially stable families do better on tests and graduation