Skip to main content

Home/ Haves and Have Nots Seminar - Moody Middle School/ Group items tagged wealth

Rss Feed Group items tagged

hcps-jacobpj

America's wealth gap between middle-income and upper-income families is widest on recor... - 32 views

  • America’s upper-income families have a median net worth that is nearly 70 times that of the country’s lower-income families, also the widest wealth gap between these families in 30 years.
  • The wealth gap between America’s high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09
  •  
    This article talks about the wealth gap in America between middle and upper income families. Something really important that is stated in this article is that America's upper -income families have a median net worth that is nearly 70 times that of the country's lower-income families, which is the widest wealth gap between these families in 30 years. The wealth gap between upper and middle income families has increased, the wealth ratio being 6.6. 
  • ...3 more comments...
  •  
    "The tabulations from the Fed's data indicate that the upper-income families have begun to regain some of the wealth they lost during the Great Recession, while middle-income families haven't seen any gains. The median wealth among upper-income families increased from $595,300 in 2010 to $639,400 in 2013 (all dollar amounts in 2013 dollars). The typical wealth of middle-income families was basically unchanged in 2013 - it remained at about $96,500 over the same period." The gap between middle income and upper income is at record high levels. The projected increase for the upper class is also projected to increase whereas the middle and lower class is not projected to increase nearly as much.
  •  
    "The wealth gap between America's high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09" Income inequality is becoming an increasingly growing problem in the U.S. The income gap between classes is at its largest since the recession. This has led to the upper class having a salary 6.6 times larger than other classes.
  •  
    "The wealth gap between America's high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09, with a clear trajectory of increasing wealth for the upper-income families and no wealth growth for the middle- and lower-income families." This article compares the difference in income between the American upper class and the middle class. In 2013, collected data showed that the upper class earned up to seven times the amount earned by the middle class, the largest wealth gap seen in thirty years.
  •  
    "The wealth gap between America's high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09, with a clear trajectory of increasing wealth for the upper-income families and no wealth growth for the middle- and lower-income families." This article explains how the wealth gap between middle income and upper income families is widest in years. The article talks about median upper income and median middle income families as of 2013. The numbers are staggering ($639,400 to $96,500)
  •  
    "The wealth gap between America's high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09, with a clear trajectory of increasing wealth for the upper-income families and no wealth growth for the middle- and lower-income families." This shows the radical difference in the economy. The rerason for this might be that the upper classes have more money to make investments in stocks, companies, etc. This eventually ends with more money being given to the spender.
hcps-karrah

Economic inequality in the US reaches levels not seen since Great Depression - CSMonito... - 1 views

  •  
    "Since then, wealth inequality in America has followed a U-shaped trajectory, declining through the Great Depression until the mid-1980s, then steadily increasing since then. Now, the richest Americans have a share of the country's wealth almost big enough to rival those in the late 1920s, according to a new study" This article shows how the wealthiest people in the United States own a large share of the country's wealth. The article also discusses the income difference between the middle and lower classes. The middle/lower classes earn $84,000, while the income of the upper class is $160,700. Finally, the article shows how almost all of the United States is composed of the lower classes (90%), while the wealthiest control 11.2% of the country's wealth according to the article. 
  •  
    "In the late 1920s, the top 10 percent of Americans possessed 84 percent of the country's wealth. Since then, wealth inequality in America has followed a U-shaped trajectory, declining through the Great Depression until the mid-1980s, then steadily increasing since then. Now, the richest Americans have a share of the country's wealth almost big enough to rival those in the late 1920s, according to a new study" This article first covers how the unemployment rate in America is going down. But even though less Americans are jobless, it remains true that the top 1% of America is still getting an unrealistically high amount of that wealth. This has been a common theme throughout America and has prompted several people in the lower-middle class to riot.
  •  
    "Since then, wealth inequality in America has followed a U-shaped trajectory, declining through the Great Depression until the mid-1980s, then steadily increasing since then. Now, the richest Americans have a share of the country's wealth almost big enough to rival those in the late 1920s, according to a new study" This article shows how the wealthiest people in the United States own a large share of the country's wealth. The article also discusses the income difference between the middle and lower classes. The middle/lower classes earn $84,000, while the income of the upper class is $160,700. Finally, the article shows how almost all of the United States is composed of the lower classes (90%), while the wealthiest control 11.2% of the country's wealth according to the article. 
hcps-jacksobs1

Wealth inequality has widened along racial, ethnic lines since end of Great Recession |... - 0 views

  •  
    "The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve's Survey of Consumer Finances. Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010." The income inequality between different races has become a significant problem in the United States. According to a recent study, the average annual income of white Americans is 13x greater than that of black Americans. This problem needs to be fixed in order to maintain a healthy democracy.
libbymcf

A Guide to Statistics on Historical Trends in Income Inequality - Center on Budget and ... - 4 views

  •  
    "The SCF data show that the top 3 percent of the income distribution received roughly a third of all income in 2013, while the top 3 percent of the wealth distribution held 54 percent of all wealth. [32]  Similarly, the top 10 percent of the income distribution received a little less than half of all income, while the top 10 percent of the wealth distribution held three-quarters of all wealth." This describes the difference between wealth and income. The concentration inequality is shown in multiple diagrams. Wealth has a result of inheritance and savings, while income is what is currently earned. There is a great gap in the distribution of wealth and income.
hcps-collierhm

The Wealth Gap Is Getting Bigger - NYTimes.com - 0 views

  •  
    "The Pew report shows that all income groups lost wealth from 2007 to 2010, but that the recovery has disproportionally benefitted the richest among us. Their median wealth increased to $639,400 in 2013, from $595,300 in 2010. By contrast, the wealth of middle-income households was stagnant at $96,500. (These numbers have been adjusted for inflation.)" This article is about how over the past couple years, the average wealth for the upper class has increased, but the average wealth for the middle class has stayed the same.
hcps-haddadmn

With 41% of global wealth in the hands of less than 1%, elites and citizens agree inequ... - 3 views

  • Crédit Suisse says people with a net worth of more than $1 million represent just 0.7% of the global population, but they have 41% of the world’s wealth. Meanwhile, those with a net worth of less than $10,000 represent 69% of the population, but just 3% of global wealth.
  •  
    "Statistics on the gap between rich and poor around the world are stunning. Crédit Suisse says people with a net worth of more than $1 million represent just 0.7% of the global population, but they have 41% of the world's wealth. Meanwhile, those with a net worth of less than $10,000 represent 69% of the population, but just 3% of global wealth." This article shows how people who are wealthy only represent a little percentage of the global population. This also shows how people who aren't as wealthy represent a large percentage of the global population, but don't have as much money as the wealthy people who only represent a small global population. This article shows that a small amount of people are in possession of the most money, while the large amount of people are poor or not wealthy.
  •  
    Crédit Suisse says people with a net worth of more than $1 million represent just 0.7% of the global population, but they have 41% of the world's wealth. Meanwhile, those with a net worth of less than $10,000 represent 69% of the population, but just 3% of global wealth. This article talks not only about unbalanced wealth is but the effects of this gap. This article also talks about what different regions think about the topic.
hcps-haddadmn

The Wealth of Nations: The U.S. Leads the Globe in Inequality - 11 views

  • According to the publication, global household wealth was $222.7 trillion in mid-2012, equal to $48,500 for each of the 4.6 billion adults in the world. Wealth is defined as “the marketable value of financial assets plus non-financial assets (principally housing and land) less debts.”
  •  
    According to the publication, global household wealth was $222.7 trillion in mid-2012, equal to $48,500 for each of the 4.6 billion adults in the world. Wealth is defined as "the marketable value of financial assets plus non-financial assets (principally housing and land) less debts."
hcps-maddenpm

What America can do to stop income inequality - CSMonitor.com - 5 views

  • Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate.The pertinent question is not whether income and wealth inequality is good or bad. It is at what point do these inequalities become so great as to pose a serious threat to our economy, our ideal of equal opportunity and our democracy.
  •  
    "Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate. The pertinent question is not whether income and wealth inequality is good or bad. It is at what point do these inequalities become so great as to pose a serious threat to our economy, our ideal of equal opportunity and our democracy." This article explains why inequality is necessary for a healthy government. Being in the Gilded Age again shows possibility, if everybody, including the government, puts their best effort in making it true.
hcps-snyderzj

In school, the wealth gap takes the form of the opportunity gap | Marketplace.org - 1 views

  •  
    ""The children at the top are those most advantaged by their parents' wealth, having begun their academic development at very early ages. They board an elevator that speeds them to academic success" Carter says." In this article it shows how upper class people have an advantage in the long run. It says how maybe the opportunity gap could close eventually.
  •  
    ""The children at the top are those most advantaged by their parents' wealth, having begun their academic development at very early ages. They board an elevator that speeds them to academic success" Carter says." In this article it shows how upper class people have an advantage in the long run. It says how maybe the opportunity gap could close eventually.
hcps-pendsedm

Wealth inequality in the U.S. is 10 times worse than income inequality - Fortune - 10 views

  •  
    "There is no dispute that income inequality has been on the rise in the United States for the past four decades. The share of total income earned by the top 1 percent of families was less than 10 percent in the late 1970s but now exceeds 20 percent as of the end of 2012. A large portion of this increase is due to an upsurge in the labor incomes earned by senior company executives and successful entrepreneurs." This article helps to understand how and why income inequality is a problem and how its growing the the US.
  • ...4 more comments...
  •  
    "There has been a collapse in inter-generational mobility: in contrast to their parents and grandparents, children today in the UK as in the US have very little expectation of improving upon the condition into which they were born. The poor stay poor." This article talks about the increased concern on the topic of income inequality, as the awareness becomes more apparent. The article states that the gap in wealth between American households are more extreme than any other time since the Great Depression.
  •  
    This article explains that the income has been more extreme since the Great Depression. There is a graph that shows the difference of income over the years.
  •  
    "...in America, the wealthiest 160,000 families own as much wealth as the poorest 145 million families, and that wealth is about 10 times as unequal as income." A new study shows that the gap in the wealth that different American households have accumulated is more extreme than any at time since the Great Depression. It also states why it's bad and some causes of the inequality.
  •  
    This unique article discusses the gap in income as compared to classes of other countries.
  •  
    This unique article discusses the gap in income as compared to classes of other countries.
  •  
    The income level has created a gap between classes that is as big as it was during the Great Depression.
hcps-hessaj

Report says richest 1% will control most wealth by 2016 - 13 views

  • The study, published ahead of this week's annual meeting of the World Economic Forum in Davos, Switzerland, suggests that by 2016 the gap between the world's rich and poor will widen to the extent that those at the top of the income pile will control over 50% of total global wealth. That percentage is up from 48% in 2014.
  •  
    "The study, published ahead of this week's annual meeting of the World Economic Forum in Davos, Switzerland, suggests that by 2016 the gap between the world's rich and poor will widen to the extent that those at the top of the income pile will control over 50% of total global wealth. That percentage is up from 48% in 2014." According to a study, the richest 1% is expected to own more than half of the world's money by 2016
hcps-crawlejl1

U.S. income inequality is bad, but wealth inequality is a bigger problem - LA Times - 4 views

  •  
    "Wealth inequality is also an artifact of income inequality; the two trends work together to magnify the former. As the bottom 90% struggle to make ends meet on stagnant incomes, they're unable to accumulate savings. "Today, the top 1% save about 35% of their income," the authors write, "while bottom 90% families save about zero."" This article can be summarized in saying that income inequality is a significant issue because it goes hand in hand with wealth inequality, which is a serious issue.
hcps-varmayn

Free exchange: Forget the 1% | The Economist - 1 views

  •  
    The 16,000 families making up the richest 0.01%, with an average net worth of $371m, now control 11.2% of total wealth-back to the 1916 share, which is the highest on record. Those down the distribution have not done quite so well: the top 0.1% (consisting of 160,000 families worth $73m on average) hold 22% of America's wealth, just shy of the 1929 peak-and exactly the same share as the bottom 90% of the population. This article discusses, on a relatively small scale, income inequality and disproportionate income growth, as the "top 1% of families grew 3.4% a year...the bottom 90% grew .7%." While the top .1%'s share of labor income seems to have peaked, this article raises some questions about social (and economic) mobility.
hcps-cogbillsl

BBC News - Angry US middle classes feel the squeeze - 3 views

  •  
    "A Federal Reserve survey reports that most US families didn't have a wage increase between 2010 and 2013, while income and wealth for the top 3% of US families rose to historically high levels during that period." If I were running for president for United States of America, I would say that this is a big problem that many Americans face, and that it would need to be addressed. You can't have a country that has only 3% of its people functioning at their best while the other 97% is in bad shape, because the country would fall apart. With the bad economy that we live in today, it would seem unreal to not have some sort of fund that would help increase family wages, allowing a much smoother life for Americans without an absorbent amount of wealth in their family. What makes this even more ridiculous, is that the rich benefit from the less wealthy peoples' loss in pay. It may come to the point where the 3% can't benefit anymore because the other 97% has been drained, dry. I think that this topic about our society in America can compare with the situation in the United States of America, because the Plebeians, who are very similar to the 97% of Americans living in harder conditions, had the same issue with their government. The Plebeians protested in Ancient Rome because the Patricians who were the really wealthy people, just like the 3% of rich Americans, didn't let the Plebeians have any say in their government. I think this can relate to the situation here in the United States of America, because it could certainly come to the point where Americans start protesting in the streets about low job wages.
hcps-snyderzj

Opportunity Gap Definition - The Glossary of Education Reform - 5 views

  • he term opportunity gap refers to the ways in which race, ethnicity, socioeconomic status, English proficiency, community wealth, familial situations, or other factors contribute to or perpetuate lower educational aspirations, achievement, and attainment for certain groups of students.
  • factors contribute to or perpetuate lower educational aspirations, achievement, and attainment for certain groups of students
  •  
    "Students from lower-income households may not have the financial resources that give students from higher-income households an advantage when it comes to performing well in school, scoring high on standardized tests, and aspiring to and succeeding in college. Poor nutrition, health problems resulting from a lack of healthcare, or an inability to pay for preschool education, tutoring, test-preparation services, and/or college tuition (in addition to a fear of taking on student-loan debt) may all contribute to lower educational achievement and attainment." This article gives examples of how people from lower-income households have a lower chance of getting a better education. Students from lower-income households might not have financial resources to give students their education like college tuition. This article is helpful, because it gives specific examples and explains the opportunity gap. This article can be useful because it gives specific examples and can give a clear understanding.
  • ...4 more comments...
  •  
    This article talks about the factors which that cause the rise of opportunity gaps such as students from lower-income households not having the financial resources like those from higher-income households needed to perform well in school. It also describes how minority students are subjected to bias, denying them equal access to learning opportunities (ex: colored students disproportionately represent that their academic achievements are typically lower than those of their white peers). Families with lower income also tend to have students which live in economically disadvantaged schools and have parents who lack familial encouragement on their education. 
  •  
    "Closely related to achievement gap and learning gap, the term opportunity gap refers to the ways in which race, ethnicity, socioeconomic status, English proficiency, community wealth, familial situations, or other factors contribute to or perpetuate lower educational aspirations, achievement, and attainment for certain groups of students." This article explains how the opportunity gap affects people in different social classes. It talks about how some of the people with lower incomes have less of an opportunity to go to college and further their education's.
  •  
    "Opportunity gaps can take a wide variety of forms-too many to comprehensively describe" This article describes the many possible reasons for opportunity gaps in education. It states how students from lower income households, minority students, and others may have a lesser opportunity for a good education, and describes why these factors may be reasons for opportunity gaps.
  •  
    In this article, they describe an opportunity gap. They also talk what can cause an opportunity gap.
  •  
    This article refers to educations and the opportunity gap by talking about it as well as the causes/effects. It displays many factors that can give rise to opportunity gaps. Through this identification of the problem, it leads into ways of solving this huge problem by eliminating the causes.
  •  
    "Closely related to achievement gap and learning gap, the term opportunity gap refers to the ways in which race, ethnicity, socioeconomic status, English proficiency, community wealth, familial situations, or other factors contribute to or perpetuate lower educational aspirations, achievement, and attainment for certain groups of students." This article explains how the opportunity gap affects people in different social classes. It talks about how some of the people with lower incomes have less of an opportunity to go to college and further their education's.
hcps-ravvasn

At Davos, rising income inequality worries some billionaires too - CSMonitor.com - 0 views

  • This year's gathering in the Swiss alps comes at a time when income inequality has reached its highest levels ever. An Oxfam report says that 80 people now control as much wealth as 3.5 billion people, or about half the world's population. The Oxfam report concluded that if current trends continue, the top one percent of the world's earners will own more wealth than the other 99 percent by next year.
  •  
    This article talks about the instability of income throughout different social classes and how it can lead to poor economic growth. Additionally, it explains for why the the gap between the rich and the rest of the community will continue to increase.
hcps-choudhusr

How income inequality hurts America - Sep. 25, 2013 - 5 views

  •  
    "Some economists have long argued that a widening income gap suppresses economic growth and job creation, and may be one reason this economic recovery doesn't feel like a recovery at all." This article represents my viepoint on the issue of income inequality. Although there are a few benefits to different incomes, the cons outweigh the pros. People of the middle and lower classes have been discovered to spend more of their income then the wealthy. This causes an overall decrease in the economic growth of the country. This is just one of the many bad effects income inequality has on America. Other effects include the greater lifespan of rich people compared to poor people, and the difference in the quality of education that children receive.
  •  
    ""The 400 richest people in the United States have more wealth than the bottom 150 million put together," said Berkeley Professor and former Labor Secretary Robert Reich on a recent CNNMoney panel on inequality." This Website really makes you think about how money is distributed in America today, but you also still have to think didn't these rich people earn their money? I mean don't you think it would be unfair to take their money away and give it to other people if they earned it a worked hard for it?
  •  
    ""The 400 richest people in the United States have more wealth than the bottom 150 million put together," said Berkeley Professor and former Labor Secretary Robert Reich on a recent CNNMoney panel on inequality. Meanwhile, the median wage earner in America took home 9% less last year than in 1999. But the rising income gap is manifesting itself in American society in other ways too. Social scientists have long said income inequality is bad for society. Yet popular measures of social stability -- crime rates, voter non-participation -- have been going down over the last couple of decades." The article talks about how income inequality is very bad for america and that it needs to be discussed. It effects economic growth and ever peoples' lifespan.
1 - 20 of 42 Next › Last »
Showing 20 items per page