ipl-logo

Why Are Americans Poor Research Paper

492 Words2 Pages

Why are most Americans Getting Poorer?
The current estimated distribution of wealth in America states 80% of Americans (citizens under the poverty line, lower class and middle class) receive 7% of the nation’s wealth while, the top 20%(higher class) have over 92% of the nation’s wealth. Consequently, the respective groups of financial classes parallel this economic condition in that the amount of disposable income the middle and lower classes have been almost nonexistent ("Wealth Inequality in America"). The sources about economic data regarding the country become soused intentional by masses of official organizations depending on the objective that’s being supported with the data. The federal estimate for America in one piece currently has …show more content…

The National Standards report conducted by the IRS (“Internal Revenue Service”) reports that the average American spends $570 in expenses this includes Food, Clothing Housing and Uncategorized Items (IRS Collection Financial Standards). The 24 metropolitan cites hold more than half of the national population within them (“Population Density for U.S. Cities Map”). Accordingly, the average American citizen spends the largest of his income on food, but the average metropolitan resident spends at least half of his income on housing.
To discourage the vast inequality between the financial classes in America, the following step may be adopting economic policies and developments in foreign countries are benefiting from or conversely introduce untried theories in government economics into reality. How long will it take before there is obvious progress made in American lives? Will these ideas of improvement work for the United Sates? The goal is to start making this necessary change to facilitate a healthier economy in America that will only get worse if ignored and allow time reveal the outcome of these

Show More
Related

  • New Deal DBQ Essay

    625 Words  | 3 Pages

    This left 32% of Americans living at the average income line of $2,000-$5,000 and the final 8% lived at the wealthy or above average line of over $5,000 (Doc 9). Although the United States had accumulated a substantial

    Read More

  • Summary Of 35 Soul-Crushing Facts About Economic Inequality

    775 Words  | 4 Pages

    Economic inequality is the uneven distribution of wealth and differences in economic security found in each individual in a specific country or region. Today, the topic is being discussed profusely by the American presidential candidates and by many writers around the world because of the beliefs of whether there should or should not be wealth redistribution policies put into action. Larry Schwartz, the author of “35 Soul-Crushing Facts about American Income Inequality”, makes a valid claim that economic inequality is the foundation of the problems that the entire American population face such as poverty and a hindrance of economic growth. To begin with, Schwartz has an exceptional argument that the high rate of economic inequality, like is

    Read More

  • Summary Of Up Against Wal-Mart By Karen Olsson

    1577 Words  | 7 Pages

    Americans are working hard labor and not getting a good salary. Many other countries believe that America is wealthy, but Americans are not. Also, people are suffering the jobs they do not like. In contrast to Olsson’s argument, another author Joseph E. Stiglitz “The top 1%, by the 1%, for the 1%” explain the top 1% people are getting richer

    Read More

  • Whitcher Income Inequality

    229 Words  | 1 Pages

    Income inequality is still a problem in America, but there are ways to fight against it. Job disadvantages and food drives both prove that income inequality still exists in America. According

    Read More

  • What Are Three Reasons For Income Inequality

    153 Words  | 1 Pages

    According to the U.S. Congressional Research Service, there are mainly 3 reasons for the income inequality of American society. The first reason is that American national output used to lesson the income inequality is fewer than other countries do. In Germany, public social spending accounted for 27.8 percent of gross domestic product in 2009, compared with 19.2 percent in the United States, according to the OECD. The second reason is the American tax system. If the tax is used to solve the social problems, for example the terms of employment, the income inequality can be reduced.

    Read More

  • Poverty In The Us As It Compares To Other Countries Essay

    641 Words  | 3 Pages

    1. Discuss Poverty in the US as it compares to other countries. Be sure your discussion concisely includes what you consider the most important points and conclusion. When comparing the US to other countries, the poverty rate is higher in the US than other countries. Due to wages and hourly pay many people in the US are living within poverty.

    Read More

  • Neil Gilbert The Inequality Unhealthy Summary

    723 Words  | 3 Pages

    Lastly, Gilbert bring home a hard-hitting reason that this hype is unnecessary: "The U.S. middle class boasts among the highest disposable household incomes in the world. The average U.S. family has 38 percent more disposable household income than a family in Italy, 25 percent more than a family in France, and 20 percent more than a household in Germany, when adjusted for differences in purchasing power... With the average family’s disposable household income in the United States among the highest in the world, inequality is perceived less as a source of social friction between the “haves and the have-nots” than as an imbalance between those who have a lot and others who have even more". I would agree that this has become an issues between who has more than others rather than who has nothing and who has something. I definitely agree and have understood as Gilbert explains, poverty and inequality are two different things.

    Read More

  • The Poor In America

    283 Words  | 2 Pages

    America is certainly a rich country. But it contains a lot of people surviving on incomes more common in developing countries. How society chooses to treat these people is cause for concern. There is an elitist culture in America. If one doesn’t fit into this bubble of perfection - with the white picket fence, two kids and a dog - then you are often faced with an uphill battle.

    Read More

  • Maya Wesby Why The Rich Stay Poor Analysis

    625 Words  | 3 Pages

    What causes poverty? A question such as this is important to consider when trying to determine why the income gap in America has increased so greatly. Based from Maya Wesby’s article Why the Rich Stay Rich and the Poor Stay Poor, the key determinate to someone’s financial success is related to the environment in which they are raised. It is essentially the privileges of being born or brought into a wealthy family that gives them the advantage over the majority of the population. The most interesting part of this to me is that those who are privileged enough to have these advantages in life often do not see themselves as so.

    Read More

  • Poverty In America

    621 Words  | 3 Pages

    In today’s society it is easy to judge a situation that you have never been in. For instance, it is easy to judge a poor child, whom you go to school with, based on their ten dollar shoes. However, it isn’t so easy to be put in a poverty experience. For example, one of your co-workers has gotten seriously ill. Because your company doesn’t offer sick days, everyone is contributing $20 to help her out.

    Read More

  • Income Inequality In 'Richer And Poorer' By Jill Lepore

    703 Words  | 3 Pages

    In the essay, “Richer and Poorer” written by Jill Lepore, and published in The New Yorker on March 16, 2015, the author discusses the income inequality in the United States and uses the rhetorical stages logos, ethos, and pathos as methods for trying to inform the educated middle class about the economic inequality and the effects on the individuals. Jill Lepore used various other sources to prove her point. Using the Gini Index, Lepore states that “income inequality is greater in the United States that in any other democracy in the developing world” (1). She goes on to give a few statistical points influencing her statement on how the inequality has increased throughout the decades. Including how in between 1975 and 1985, for U.S households from .397 to .419; compared to other countered such as Netherlands.

    Read More

  • Essay On Inequality In America

    411 Words  | 2 Pages

    Wealth and Inequality in America Inequality The inequality in America has increased over time; the gap between the rich and the poor has become a problem that many Americans don’t see. Inequality is the extent of income which is distributed unequally among the citizenry. The inequality of the United has a large gap between the poor and the rich making it unfair to the population, the rich are becoming wealthier and the poor remain poor. The article “Of the 1%, By the 1%, For the 1%”, authored by Joseph E. Stiglitz describes that there is a 1 percent amount of American’s who are consuming about a quarter of the United States income in a year.

    Read More

  • Political Income Inequality

    743 Words  | 3 Pages

    The Politics of Income Inequality The unequal distribution of wealth is often mentioned among both democratic and republican parties, phrases such as “widening income inequality” and “vanishing middle class” a common occurrence in political rhetoric. But is the rich-poor gap as significant as they claim? According to research by Emmanuel Saez and Thomas Piketty, economic professors at UC-Berkeley and EHESS respectively, the answer is indisputable: the total market income amassed by the top 0.1 percent has been increasing steadily in the past three decades— the shares from 1970 to 2010 have more than tripled, rising from 2.78 percent to 9.53 percent— levels unseen since the Great Depression. Admittedly, Saez and Piketty’s findings are based

    Read More

  • Rich And Poor In America Essay

    689 Words  | 3 Pages

    We can see that now only 10% of Americal people income are increasing while other 90% are steadily or did not change that much. They also see the wealth chasm that growing up so fast since the past from 7% in 1979 to 22% nowsaday. and this can show that the country's gap between rich and poor people increasing a lot. It is also relate to the effect of the 2008 financial crisis on the wealth. It effect all of the incomes of the Americans specially for the middle to the low people.

    Read More

  • Malaysia Income Inequality

    788 Words  | 4 Pages

    Why I think income inequality is increasing in the United States? In my Opinion, the reason of income inequality is increasing in the United States is Growing Market. The globalized markets in the US are break downs the boundary of smaller, local market and provides new platforms and new audience to trades. The US government allowed artisan, farmer, and manufacturer to open their products and services to the global economic. This meaning that the purveyors do not have to rely on small, local market makes a living and it mean that others around a global can have access for their goods.

    Read More

More about Why Are Americans Poor Research Paper

Open Document