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Essay on wealth inequality
Essay on wealth inequality
Inequality of income
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The Social Problems of Poverty and Wealth The economy in the United States is undoubtedly unequally distributed and unstable. Social stratification, the society’s categorization of people in a hierarchy, is to blame for this. Americans subscribe to the perception that everyone should be placed in a certain group for their financial status; high class, meaning the wealthy individuals, or the lower class, the individuals suffering from poverty. Both social classes’ contribute negatively to the people involved. Wealthier communities experience emotional downfalls and isolation while the poverty stricken communities by decreasing their life chances for being successful and even their length of life. The social problems of wealth and poverty …show more content…
“Poverty exists because the economic system is organized in ways that encourage the accumulation of wealth at one end and creates conditions of scarcity that make poverty inevitable at the other end” (Johnson). Poverty exists internationally because of the lack of resources to develop poor societies. Rural areas are home to greater portions of the population who are living below the poverty line. The United States profiles the poor according to age, race, and gender. Every age group is affected by poverty, however, reports have shown that the poverty rates for children 18 years and under are greater. African Americans and Hispanics are at higher risk of being poor. The gender gap in the United States causes women to be at a greater risk of suffering from poverty. However, this social problem has different impacts on people. There is a lack of jobs available, especially to individuals who were not able to receive a diploma or degree which prevents a much needed income to struggling families. Poverty can generate broken families such as single parent homes. Stress from worrying about money is a crucial cause of arguments in relationships that ultimately may end. Nutrition is a good foundation of a healthy life, yet several poor individuals cannot afford nutritious foods. Many jobs are at the low end of the pay scale, which …show more content…
Money can make people feel secure, still, money cannot make people happy. Depression, isolation, and guilt are common outcomes of having vast amounts of money to protect, preserve, and maintain. Poverty stricken homes are more likely to result in single-parent homes, inability to afford important nutritional food, unaffordable homes leading to homelessness and less children are completing higher education. Impoverished people are more likely to become criminals. Poverty is a major social problem affecting the rural counties in the United States. It should be discussed with everyone and preventions should be taken into consideration to help the lower social
According to Gregory Mantsios many American people believed that the classes in the United States were irrelevant, that we equally reside(ed) in a middle class nation, that we were all getting richer, and that everyone has an opportunity to succeed in life. But what many believed, was far from the truth. In reality the middle class of the United States receives a very small amount of the nation's wealth, and sixty percent of America's population receives less than 6 percent of the nation's wealth, while the top 1 percent of the American population receives 34 percent of the total national wealth. In the article Class in America ( 2009), written by Gregory Mantsios informs us that there are some huge differences that exist between the classes of America, especially the wealthy and the poor. After
Poverty in America is a very complex issue that can be looked at from many directions. There are a plethora of statistics and theories about poverty in America that can be confusing and at times contradicting. It is important to objectively view statistics to gain a better understanding of poverty and to wade through the stereotypes and the haze of cultural views that can misrepresent the situation.The official poverty line in America begins with a person making at or below $12,060. To calculate the poverty line for a family, an additional $4,180 is added to the base of $12,060 for each additional member(“Federal Poverty Level Guidelines”). According to the last U.S. census, over 45 million or 14.5% of Americans are at or below the poverty line(Worstall). At this level, the U.S. poverty level has not changed much from the 1970s when the government began a “War on Poverty.” However,
With each class comes a certain level in financial standing, the lower class having the lowest income and the upper class having the highest income. According to Mantsios’ “Class in America” the wealthiest one percent of the American population hold thirty-four percent of the total national wealth and while this is going on nearly thirty-seven million Americans across the nation live in unrelenting poverty (Mantsios 284-6). There is a clear difference in the way that these two groups of people live, one is extreme poverty and the other extremely
Undisputedly poverty has been one of the major persistent social problems in the United States for hundreds of years. Poverty does not discriminate against Caucasians, African-Americans, Hispanics, Jews, homosexuals, heterosexuals, age, gender, or persons with disabilities. Poverty can strike any population, community, ethnic group, and family. According to the U.S Census Bureau, 43.6 million people were in poverty in 2009 which was an increase from 2008. (Insert citation for website). There are multiple causes of why a family or individual can fall into poverty, which includes but not limited to, disability, unemployment, age, and recessions, as for which we have seen through the 2008 recession and the Great Depression. Throughout this paper I will address poverty as a social problem and its causes. I will also focus on how children and family households headed by single mothers are effected by poverty, and how Temporary Assistance for Needy Families came about to help children and families in poverty.
One of the main causes of poverty is a lack of money. There are some families that do have at least one person employed in the household but the money earned is not enough to provide for the family. Tough decisions such as paying rent buying groceries become a daily challenge for struggling households. Those living in households headed by people with no high school degree are the most likely to enter poverty. Limited options in the job market make it hard for those without degrees the ability to find jobs that will pay above minimum wage. Many Americans earn less than the nation’s median income which hinders most Americans from living a life free of hunger. Children who grow up in poverty suffer more persistent, frequent, and severe health problems than do children who grow up under better financial circumstances. Children of poverty are at an extreme disadvantage and cycle ends up repeating itself until the pattern is somehow
Poverty is a complex and growing problem in the United States. As of right now there is no solution. There are proposals and acts, such as Obama Care, that were enacted in an attempt to help people in poverty, and there are so many organizations, such as Habitat for Humanity and The Hunger Project, that try to aid people when they start to lack the necessities, like food and shelter. College students are graduating college with a large amount of student loans and no way of paying them off, people are being evicted from their homes, and employees are being laid off. The unemployment rate in the United States in 2015 was five percent, that’s about fifteen million people. It’s becoming difficult for people to find jobs, therefore making it hard for people to get back on their feet and start living a comfortable lifestyle. Poverty in the
Everyone knows what the word poverty means. It means poor, unable to buy the necessities to survive in today's world. We do not realize how easy it is for a person to fall into poverty: A lost job, a sudden illness, a death in the family or the endless cycle of being born into poverty and not knowing how to overcome it. There are so many children in poverty and a family's structure can effect the outcome. Most of the people who are at the poverty level need some type of help to overcome the obstacles. There are mane issues that deal with poverty and many things that can be done to stop it.
According to the U.S. Census Bureau, in 2014 African Americans held the highest poverty rate of 26%, with Hispanics holding the second highest rate at 24% (DeNavas-Walt & Proctor, 2015). When comparing this to the poverty rates of Whites at 10% and Asians at 12% in 2014, we see that in America, racial and ethnic minorities are more vulnerable to experiencing poverty (DeNavas-Walt & Proctor, 2015). In addition, discrimination is seen between genders among those living in poverty. Family households of a single adult are more likely to be headed by women and are also at a greater risk for poverty (DeNavas-Walt & Proctor, 2015). In 2014, 30.6% of households headed by a single woman were living below the poverty line compared to 15.7% for households headed by a single male (DeNavas-Walt & Proctor, 2015). Many factors such as poor wages for women, pregnancy associations, and the increase of single-woman parented families have impacted the increase of women in poverty. Children are most harshly affected by poverty because for them the risks are compounded, as they lack the defenses and supports needed to combat the toxicity surrounding them. According to the U.S. Census Bureau, 21% of all U.S. children (73.6 million children) under 18 years old lived in poverty in 2014 (DeNavas-Walt & Proctor,
The United States defines poverty for a family of four as being less than $16,036 per year, or $4,009 per person (Leone 12). People find themselves under this line for an innumerable amount of reasons. Some of these causes are under one's control and others are greater factors beyond an individual's power. Each family or individual person has unique and separate reasons for living in a state poverty. There is no way to try and define them all. Focusing in, three main topics arise that encompass the most predominant reasons for a person to fall into poverty. Education, family life and influence, along with the business cycle may work individually or together to cause poverty. These three leading causes are presented and discussed along with facts prevalent to the issue in the section below.
Divisions within the social stratum is a characteristic of societies in various cultures and has been present throughout history. During the middle ages, the medieval feudal system prevailed, characterized by kings and queens reigning over the peasantry. Similarly, in today’s society, corporate feudalism, otherwise known as Capitalism, consists of wealthy elites dominating over the working poor. Class divisions became most evident during America’s Gilded Age and Progressive era, a period in time in which the rich became richer via exploitation of the fruits of labor that the poor persistently toiled to earn. As a result, many Americans grew compelled to ask the question on everyone’s mind: what do the rich owe the poor? According to wealthy
Poverty is “the state of one who lacks a usual or socially acceptable amount of money or material possessions” (Merriam-Webster dictionary, 2015); in other words, struggling to provide a comfortable living style. It is the cause of family stress and many other problems, especially for the children. Millions of people around the world are struggling with poverty; families suffering to provide enough food seem to be growing in numbers. According to the United States Census Bureau, the poverty rate was highest in the 1960s and decreased greatly in the 1970s. However, it is now slowly starting to increase again. Recently released census data by the Bureau showed that one in five people are living in poverty (Census Bureau, 2014). Poverty is even
Poverty is an undeniable problem in America. In 2014, 14.8 percent of the United States was in poverty (“Hunger and Poverty Fact Sheet”). There are more people in the United States than it seems that do not have their basic necessities. In an
Social issues are problems in the society today that are described as wrong, widespread and changeable. A category of conditions that people believe need to be changed. Poverty is a serious social issue in the society today. According to Peilin (2012), poverty brings hardships to families and individuals as well as political thereby negatively affecting the social stability and social development and posing a severe threat to human security (p. 243). This paper focuses on poverty as a social issue in today’s society. First, it gives a succinct introduction of the social issue, and then describes how it fits into the field of sociology. It also evaluates the sociological theories and terminology that relate to the social issue. The section that follows evaluates what is known and unknown about the particular social issue. This is followed by a discussion regarding the value of sociological research into the issue determining the available or possible practical implications of the sociological inquiry. The information presented here is strongly supported by the concepts and theories derived from reliable sources.
There is no universal definition of poverty; as deprivation and destitution are terms founded on varying individual or societal perceptions. Nevertheless, ‘Poverty’ in its most general sense is often categorised as a lack of the necessities which provide survival and allow the upholding of human dignity. This can involve a scarcity of basic food, shelter, health care, and safe living environment (Stevenson, 2014).
In conclusion, sometimes actions take place that changes a person’s outlook on life and as you can see poverty is one that can have a huge effect on not only one person, but also the people around him/ her.