The Effect of Growing Inequality on Youth

Topics: Higher education, Education, High school Pages: 2 (487 words) Published: December 4, 2014
Setbacks on America’s Youth from Growing Inequality   by, Caitlyn Reynolds    |    November 22, 2014   
Conditions of today’s economy and growing division between the rich and the  poor leave many younger generations cynical, pessimistic, and feeling insignificant.  inventor Steve Gibbs once said “Perhaps the cruelest joke played on our generation is  the general belief that if you went to college, you’ll get a job and be upwardly mobile”.  Today’s youth is pressured into the idea that becoming a professional student directly  after high school will guarantee a successful career.   Financial aid for such education is derived from the total household income,  before taxes. Which is not reasonable for most families because of the unbelievably  high tax rate for lower­middle class Americans trying to achieve higher education for  better income. Leaving the lower­middle class with barely enough money to sustain  their families throughout the week. Underlying pessimism in younger generations is due  to the growth of inequality and the widening gap of income between the 1% and the  99%. 

 With the inequality of income plummeting over the last 60 years, it has directly  affected the rate of obesity, poverty, mental illness, and the abandonment of education  to support oneself/family. The abandonment of education then causes the working class  to find low­income jobs typically without benefits since most decent paying jobs require  some form of higher education. But as the 99%,  we pay a majority of the taxes the  1%­ers should be paying, considering the poorest 20% of households pay 25% income  tax while the rich pay less than 20%. as the gap of income tax rate between the rich and  the poor increases annually, many people today will spend almost their entire lives  working just to pay off the amount of debt they are already in.   Often this debt is caused by failure to provide for one’s self while trying to earn a ...
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