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Unequal Distribution of Wealth in the U.S.

KM

Kyla Matz

Transcript

Unequal Distribution of Wealth in the U.S.

Facts/Statistics

Causes

Comparisons

  • Over population
  • Lack of natural resources
  • High incomes and high profits are largely unearned or undeserved (you can get wealthy just from luck). This is not fair to the general public.

Top 5 facts we should know:

  • 1. The Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth
  • 2. The Top 1 Percent Of Americans Take Home 24 Percent Of National Income
  • 3. The Top 1 Percent Of Americans Own Half Of The Country’s Stocks, Bonds, And Mutual Funds
  • 4. The Top 1 Percent Of Americans Have Only 5 Percent Of The Nation’s Personal Debt
  • 5. The Top 1 Percent Are Taking In More Of The Nation’s Income Than At Any Other Time Since The 1920s
  • The poor U.S. showing in 2013 UNICEF data on the well-being of children in 35 developed nations—with the United States at 34 out of 35 (Romania is worse)—may reflect growing income inequality.
  • According to the Congressional Budget Office, between 1979 and 2007 incomes of the top 1% of Americans grew by an average of 275%.
  • The bottom half of the world adult population owned 1% of global wealth. The richest 2% own more than half of global household assets.

Facts/Statistics Con't.

1. By one measure, U.S. income inequality is the highest it’s been since 1928.

2. The U.S. is more unequal than most of its developed-world peers.

3. The black-white income gap in the U.S. has persisted.

4. Americans are relatively unconcerned about the wide income gap between rich and poor.

5. Wealth inequality is even greater than income inequality.

Works Cited

Solutions

  • Consumption equality
  • Raise income
  • Redistribution
  • Save more of income
  • Invest
  • http://www.discoverthenetworks.org/guideDesc.asp?catid=181&type=issue
  • http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/
  • http://www.pewresearch.org/fact-tank/2014/01/07/5-facts-about-economic-inequality/
  • http://www.huffingtonpost.com/eric-zuesse/us-is-now-the-most-unequa_b_4408647.html
  • http://www.theatlantic.com/business/archive/2013/03/how-to-fix-americas-wealth-inequality-teach-americans-to-be-cheap/273940/
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