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Inequality in America

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Submitted By gera1rdo23
Words 1530
Pages 7
Gerardo Contreras
Gene Lee
Econ203
March 1 2013

Income Inequality in America
Dissemination of income in America has been a major topic of study by many institutions as well as scholars. Statistics have been gathered from numerous sources, which show that the problem of income inequality has significantly risen since 1970. Income inequality was stabilized for many years. Although income inequality has increased amongst the elite countries in the world, America suffers from this problem the most.
Research shows that cause of the wide gap in income inequality has not been decided by gender, which by the way has decreased in America in last twenty years. The Income inequality gap has also not been because of race, or the gap been amongst middle class and lower class, however it has increased. The main reason exists and lies amongst the middle class and highest wage earners, with the disparity being extra dangerous as an individual’s income increases. It is stated that upward redistribution can be held accountable for forty percent of the forecasted Social Security deficit in the following century.
Research states that in 2011 it was established that the highest earning one percent of families multiplied about 275 percent after federal taxes and income transfers over a period of 28, compared to a gain of just fewer than 40 percent of the 60 percent in the middle of America's income distribution. Additional researchers found that the trend has continually been ongoing since then. Nevertheless, merely 42 percent of Americans thought income inequality had amplified in the last ten years. Income inequality is not even amid America, after taxes income inequality was lowest in the state Maine and highest in the state of Texas in the year 2009.
Many Researchers argue the cause of income inequality and the importance of it. In 2011 it aided the “Occupy” protest

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