Income inequality is a defining challenge of our time in the United States. Since the 1920’s the gap between the rich and the poor has always been a problem in society. First let’s start with defining the term income inequality. Income Inequality refers to the extent to which income is distributed in an uneven manner among the population. Income inequality or the gap is the difference between the rich and everyone else. Income Inequality affects society and individual’s healthcare, economic wealth, employment and family opportunities.
“There is a saying the rich get richer and the poor get poorer”. What makes a difference between the rich and the poor is income. Which includes revenue streams from wages, salaries, interest saving accounts and profits from selling something more than what it is worth.
Income inequality has been known to affect society when it comes to education, health insurance, safety, employment and economic instability.
Politicians have suggested the raises of income inequality which breed more inequality in communities which causes less educational opportunities. Surveys have shown in 1980-2000, unequal societies have a higher crime rate. In relation to education, income inequality in society will result in having low scores in math, reading and science. People will not have access to the best health care plans. Therefore if you don't have access to good healthcare plans illness will spread and deaths will happen.
No matter how many times politicians tell us that income inequality is not in society, they are wrong because there is still this fine line between who you are and where you come from which depends on how you get treated. Unequal income distribution increases political instability which threatens property rights which risks the state. Statics have shown that 70% of the population will experience the 20th percentile income, 53% will experience the 10th percentile income and 11.1% will find themselves in the 1% income range.
Poverty is another effect of income inequality because it increases crime, poor public health which places burdens on the economy as well as increasing food prices. People don't understand that if prices are being raised larger families will be affected. Making them have to choose food or healthcare.
In my opinion I believe income inequality is the elephant in the room that no one wants to talk about because it has such a big impact on the world but no one has an answer on how to fix it. There should not be a rich or poor but everyone should be treated equally. However, I understand that it can't always happen because not everyone comes from the same background. In the United States we have the basic right to equal opportunities which is regardless of our financial income.
Becky Hoffman
“There is a saying the rich get richer and the poor get poorer”. What makes a difference between the rich and the poor is income. Which includes revenue streams from wages, salaries, interest saving accounts and profits from selling something more than what it is worth.
Income inequality has been known to affect society when it comes to education, health insurance, safety, employment and economic instability.
Politicians have suggested the raises of income inequality which breed more inequality in communities which causes less educational opportunities. Surveys have shown in 1980-2000, unequal societies have a higher crime rate. In relation to education, income inequality in society will result in having low scores in math, reading and science. People will not have access to the best health care plans. Therefore if you don't have access to good healthcare plans illness will spread and deaths will happen.
No matter how many times politicians tell us that income inequality is not in society, they are wrong because there is still this fine line between who you are and where you come from which depends on how you get treated. Unequal income distribution increases political instability which threatens property rights which risks the state. Statics have shown that 70% of the population will experience the 20th percentile income, 53% will experience the 10th percentile income and 11.1% will find themselves in the 1% income range.
Poverty is another effect of income inequality because it increases crime, poor public health which places burdens on the economy as well as increasing food prices. People don't understand that if prices are being raised larger families will be affected. Making them have to choose food or healthcare.
In my opinion I believe income inequality is the elephant in the room that no one wants to talk about because it has such a big impact on the world but no one has an answer on how to fix it. There should not be a rich or poor but everyone should be treated equally. However, I understand that it can't always happen because not everyone comes from the same background. In the United States we have the basic right to equal opportunities which is regardless of our financial income.
Becky Hoffman