Category: Income Inequality

After watching the CNBC video, which described how the middle-skill workers share has shrunk over time, I thought of my uncle, who was laid off from a steel company in the early 2000s (CNBC, 2019). When asked about the widening income gap between the wealthy citizens and others, he said that it angered him how…

Leibbrandt and Shipp break down the source, cause and solution to the income disparity in South Africa. Their findings tackle how the bridge between the rich and poor, gender and racial inequalities, equalization workers wages and salaries, stability of the middle class and the division caused by the need for some form of tertiary education.…

Within every population, there is a discongruity as to how much a citizen will earn inside of their economy. They are experiencing income inequality. You may be asking yourself, what is income inequality, exactly? Income inequality is a phrase that is used in reference to the uneven distribution of individual or household income among a…

According to the Federal Reserve Bank, the average black family holds less than 15% of the wealth of the average white family. While white families have median and mean net worths of $171,000 and $933,700, a black families median and mean wealth is $17,600 and $138,200. Hispanic families also earn substantially less, with a median…

We have all heard the phrase of income inequality in our lives. But few of us actually thought about it or even consider thinking about it. Before diving into solutions, what is causing this problem in the first place is essential because without knowing the issues of what causing this problem in the first place…

In the United States (US), the household wealth of a median white family in 2019 was $147,000, while the median black family owns $3,600  just over 2% of what the median white family owns (Collins, Asante-Muhammad, Hoxie, & Terry, 2019). The wealth gap between whites and blacks not only suggests that there is an…

How would you feel if you were one of the 800 million people who went to bed starving each and every night? At this very moment, countless people are forced to bear the pain of poverty and starvation, through no fault of their own, while millions of individuals in developed-countries binge on excessive amounts of…

Income inequality is a major issue in the United States. We often hear how people cannot get basic things such as healthcare or put food on a plate 3 times a day. These are dire conditions for many people that are under the poverty line. These are basic living needs that many people in the…

Discussion of inequalities has long been at the forefront of economic and political debate due to the concerns regarding the widening gap between the rich and the poor. Income inequality describes the extent to which income from revenue streams is distributed unevenly amongst the national population. Statistics from the Organization for Economic Cooperation & Development…

Income inequality not only puts us in harm, but affects our physical and mental well-being. With that being, it is important to know the correct ways of distributing the wealth among people. Income Inequality has affected citizens in the United States ever since the American Dream had come into existence. The American Dream is the…