Abstract The economy is very skewered and is not equal in any meaning. The poor stay poor and the rich stay rich. The poor die off faster and the rich live longer. The poor get little to no education and the rich get the best education possible. We need to make a difference and get everyone equal so we can all live our best lives.
Income Inequality in the United States
How unequal is the economy in the United States? Inequality has always existed in the U.S. but the gap between the rich and poor has never been as big as it is now. The rich never got torn down even when there were financial crashes, but the poor suffered a lot. Women made 82 cents for every $1 a man made, and African Americans made 78 cents for every $1 white people made, how equal is that?
The Gap
Inequality is different across the U.S. because of regional economics. Urban areas such as New York City are unequal because they have low-income people and people with high wages. Places such as the Great Lakes are more equal because the wage gap isn’t as diverse. (TIME Magazine, 2020) “The richest 10% of the global population currently take home 52% of the income.” (World Economic Forum, 2021) What We Think vs. What We Know
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The bottom 40% of Americans barely have any of America's wealth and the top 1% has more of America’s wealth than we believe the whole top 20% should have. (Politizane, 2012) “Wealth is distributed in a highly unequal fashion, with the wealthiest 1 percent of families in the United States holding about 40 percent of all wealth and the bottom 90 percent of families holding less than one-quarter of all wealth.” (Greg Leiserson,Will McGrew,Raksha Kopparam,