Topic: EconomicsHousing

Last updated: November 24, 2019

American society has stretched among the rich and poor to its widest levels of since time of in memory. Income inequalities have affected American citizens ever since the American Dream came to existence. In brief, income inequality refers to the gap between the rich and poor. The United States has the most unequal income base in the industrialized world, which is why it is growing at a faster rate than any other country.

The greater image as why income is spread so unequally is because the gap between social classes. Each side of social class has a certain power, and that power gives the economy the ability to change society. The major classes; capitalists, managers, small entrepreneurs and the workers. As well as a persons clothing, housing and education, typically also depending on their class; it gives a sense of reflection of one’s income.

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People do not gain class or power with their income being taken into consideration. In this case, the bigger problem comes back to class inequality, which further prohibits people to earn an equal income. The United States has experienced of the rise of inequality of the rich being rewarded more and the poor becoming poorer, which is why it is unstable between the two social classes. The gap between the two has increased since olden times, and it’s even worse now because the depressions of today are about the identical as before Typically, the working class is unable to


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