Income Inequality and Society Essay

Income Inequality and Society Essay

Length: 1043 words (3 double-spaced pages)

Rating: Term Papers

Open Document

Essay Preview


Income Inequality’s affect on Society
Income inequality is on the rise and it is evident in most cities throughout the United States. There are individuals with six to seven figure incomes and then there are individuals whose income is just enough to get by. The middle class is not as prominent as the upper and lower class. This should be the other way around. There should not be so many cities with very wealthy neighborhoods right next door to low class, rundown neighborhoods, with little middle class households. Digging deeper, 47.6% of the money in the United States belongs to individuals that receive $98,200 or more (“Distribution of U.S. family income”, 101). The middle class should be much more noticeable with the upper and lower classes being a little more rare. The middle class can be restored in order to lessen the income gap and therefore create a more perfect utopia.
The income gap is actually not staying where it is or getting smaller, it is growing. For this reason the middle class can be grown to decrease the income gap. At a local level the inequality grew from ‘07-’12 mainly from the poor getting poorer, not the rich getting richer (“US Income Inequality”). Some people might wonder, if this is true only at a local level, then how is income inequality growing nationally? To answer this question, rich people are gaining even more wealth at a national level while people that are poor are falling deeper into poverty at a local level (“US Income inequality”). According to Robert Lieberman, during 2009 the income of the top 5% families went up while everyone elses’ incomes plummeted, on average. Counteracting that, during the recession the wealthiest got even more wealthy. He also mentioned that the total incom...


... middle of paper ...


...ks Cited

Barber, Elizabeth. "Income Inequality: Among US Cities, Bigger Ones Are More Unequal (+video)." The Christian Science Monitor. The Christian Science Monitor, 20 Feb. 2014. Web. 26 Feb. 2014.
"Distribution of U.S. Family Income." World Book 2008. 2008. Print.
Lieberman, Robert C. "Why the Rich Are Getting Richer: American Politics and the Second Gilded Age." Foreign Affairs Jan.-Feb. 2011: 154. Global Issues In Context. Web. 26 Feb. 2014.
Maney, Kevin. "The Internet Is Killing the Middle Class." Newsweek 4 Oct. 2013: 1. General Reference Center GOLD. Web. 26 Feb. 2014.
Ryan, Bill. "The Declining Middle Class and Its Jobs." New Hampshire Business Review Business Advice. N.p., 23 Aug. 2013. Web. 26 Feb. 2014.
"US Income Inequality: Gap between Rich, Poor Growing - Study." TurkishWeekly.net. The Journal of Turkish Weekly, 24 Feb. 2014. Web. 26 Feb. 2014.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on The Problems of Income Inequality

- Every American dreams of finding a job that pays well so that they may live comfortably and take care of their loved onesfor years to come. Most Americans hope to find some way to make a living that they enjoy, something that they view as productive. Unfortunately, many do not have this luxury. In our society, a good portion of the population is forced to hold the base of our country in place while hardly being redeemed for their time and effort, and thus the problem of income inequality. Numbers of these people live from paycheck to paycheck, barely getting by, not because they manage their money poorly, but because the value of their time at work is negligible (Chapter 2 Economic Inequalit...   [tags: segregation, society, income]

Term Papers
1108 words (3.2 pages)

Essay about The Inequality Of Income Inequality

- Introduction People are expected to have a peaceful life; full of fun and learning from the experiences that they participate in throughout their life. This is an ideal expectation that every human-being would like to achieve, but the world today has many problem that block people from achieving what they expect to achieve. The problem that people facing is income inequality. It is a big problem that creates an impact on every person and every nation. According to the article “World Economic Trends in the Distribution of Income, 1965-1992”, it said “the majority of the world’s total income inequality is between-nation inequality, not within-nation inequality (Korzeniewicz & Moran, 1997)”....   [tags: Economic inequality, Poverty, Gini coefficient]

Term Papers
1808 words (5.2 pages)

Essay on Case Analysis : Income Inequality

- Case 2: Income Inequality Christopher Hodges Curtis Griffie Berry Epley Campbell University BADM 742: Business Ethics July 7, 2015 “Income inequality refers to the extent to which income is distributed in an uneven manner among a population. In the United States income inequality is the gap between the rich and everyone else which has been growing markedly by every major statistical measure for approximately 30 years” (Aguiar 2013). Wealth inequality has a close relationship with income inequality due to the nature of not needing a sizeable income because of wealth that was handed down for generations....   [tags: Economic inequality, Poverty, Economic growth]

Term Papers
1785 words (5.1 pages)

The Inequality Of Income Inequality Essay

- it can be interpreted that this specific type of inequality can be damaging to a nation’s economic growth and should be remedied to improve that nation’s health as well as the well-being of its citizens. What are the solutions to income inequality. The solutions to income inequality include both internal and external factors. Based on econometrics, the most important internal factors contributing to a decline in income inequality are policy changes, higher education spending, more tax revenue and robust GDP growth....   [tags: Economic inequality, Poverty]

Term Papers
1608 words (4.6 pages)

What are the Causes of Inequality? Essay

- ... According to the leaflet by Japan International Cooperation Agency (JICA), women are thought to have no power and competence in leading the society, especially in high position in government as from 2009 to 2013, there are only 10% of women being members of capital as well as provincial councils (2012). Furthermore, even though the name of women were placed on the top list in the recent commune council election together with national election, the results have not met the target of 25% of the Millennium Development Goals (MDGs) yet....   [tags: unequal distribution of goods, income inequality]

Term Papers
2446 words (7 pages)

Income Inequality in the United States Essay

- America prides itself on being one of the most successful democratically governed counties. The idea of the American dream is that all citizens have equal civil liberties and a responsive government. However the effectiveness of democracy is being threatened by increasing inequality in the United States. “The dominant view holds that economic development and modernization are the key to the continued growth of democracy” (Snider and Faris 2001; United Nations, 2011). In the last decade especially the American Society has had significant moments of increasing equality....   [tags: Economic Inequality]

Term Papers
3272 words (9.3 pages)

Income Inequality : America Is A Problem That 's Been Going On For Decades?

- Hafsa Rafique Prof. Geeta Kumar English 112 5 November 2015 Essay # 3 Income Inequality in America is a problem that’s been going on for decades, and many feel that it hardly exists, the many people that feel that way are highly uneducated, and seem to not really care about this tremendous problem that in one’s eyes really has no end in the near future, in fact it has been gradually rising and one feels that it’s just not fair. Unfortunately, there’s not much that can be done, only of course if the poor class of people decide to actually educate themselves and get a higher education....   [tags: Social class, Middle class, Economic inequality]

Term Papers
1052 words (3 pages)

Why Is There Inequality? Essay

- • Why is there inequality. Free market economies foster discipline by rewarding the successful and penalizing failures. They inevitably create an economic hierarchy by producing a select few of wealthy individuals, a large middle class, and an even larger lower class. Individuals are free to move between classes based on their ability to satiate the desires of others. Only by freezing individual incomes at some moment in time are we able to consider class distinctions. Having established these clear-cut classes, one is then able to see that some have more relative to others....   [tags: Poverty, Wealth, Economic inequality]

Term Papers
1311 words (3.7 pages)

Income Inequality in Iran Essay

- There are many problems that face Third World nations. Income inequality affects all nations in the world. It affects some countries more than others though. Income inequality is a major problem in the Third World. In the Third World, the top 1% of people earns 15 % of the income, and the top 5% earn 40% of the income. However the poorest 20% earn only 1% of the global income. This creates a world of haves and have nots. This affects many aspects of society in a county. In the Islamic Republic of Iran, income inequity is a serious issue....   [tags: Iran Poverty and Inequality]

Term Papers
3419 words (9.8 pages)

Income Inequality Essay

- Income inequality has affected American citizens ever since the American Dream came to existence. The American Dream is centered around the concept of working hard and earning enough money to support a family, own a home, send children to college, and invest for retirement. Economic gains in income are one of the only possible ways to achieve enough wealth to fulfill the dream. Unfortunately, many people cannot achieve this dream due to low income. Income inequality refers to the uneven distribution of income and wealth between the social classes of American citizens....   [tags: the american dream, social norms]

Term Papers
939 words (2.7 pages)