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Home/ Haves and Have Nots Seminar - Moody Middle School/ Contents contributed and discussions participated by libbymcf

Contents contributed and discussions participated by libbymcf

libbymcf

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

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    "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.
libbymcf

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

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    "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)
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