Essay on Growth in Income Inequality
Growth in Income Inequality

Essay on Growth in Income Inequality

GrowingВ IncomeВ InequalityВ inВ theВ UnitedВ StatesВ EXECUTIVEВ SUMMARYВ ForВ theВ firstВ timeВ inВ fiveВ years, В theВ AmericanВ household'sВ incomeВ hasВ stoppedВ droppingВ sinceВ 2008В financialВ crises, В however, В thingsВ areВ notВ asВ excitedВ asВ whatВ itВ looksВ like. В TheВ highestВ levelВ ofВ incomeВ inequalityВ afterВ fourВ decades'В wideningВ impliesВ aВ seriousВ threatВ toВ theВ country. В IncomeВ inequalityВ indicatesВ thatВ theВ societyВ isВ notВ allocatingВ resourcesВ efficiently, В whichВ willВ holdВ backВ theВ recoveryВ andВ hamВ theВ society. В ThisВ reportВ focusesВ onВ twoВ ofВ theВ mostВ significantВ issuesВ associatedВ withВ theВ inequality: В theВ weaknessВ ofВ theВ middleВ classВ andВ theВ fewerВ opportunitiesВ forВ youngВ people. В В WeaknessВ ofВ TheВ MiddleВ IncomeВ ClassВ TheВ economyВ ofВ AmericaВ hasВ recoveredВ sinceВ 2008, В butВ 95%В ofВ theВ gainsВ fromВ theВ recoveryВ hasВ goneВ intoВ theВ pocketВ ofВ theВ richestВ 1%В ofВ people. В InВ comparison, В ourВ middleВ classВ whichВ drivesВ ourВ economicВ growth, В В hasВ aВ lowerВ householdВ income(adjustedВ forВ inflation)В thanВ itВ didВ inВ 1996. В Moreover, В accordingВ toВ SabrinaВ Tavernise, В theВ percentageВ ofВ AmericanВ householdsВ whoВ occupyВ theВ middleВ­incomeВ classВ hasВ droppedВ significantlyВ sinceВ 1970.…..