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The United States has forty million people living in poverty, and more than half of these people live in "extreme" or "absolute" poverty. Income inequality has increased in recent decades, and large tax cuts that disproportionately favor the very wealthy are predicted to further increase U.S. income inequality. [1]
The latest SSA data demonstrates how vastly unequal earnings growth has been between 1979 and 2022. Over that period, inflation-adjusted annual earnings for the top 1% and top 0.1% skyrocketed by ...
And when the current generation of the 1% turn over their wealth to their heirs these become rentiers, people who live off accumulated capital. Two decades from now America could turn into a rentier-dominated society even more unequal than Belle Époque Europe. [38]
At least 550,000 people are homeless in America, he said. "The tax reform will worsen this situation and ensure that the United States remains the most unequal society in the developed world ...
And for the group of people in between the bottom 50% and top 1%—mostly the lower- and middle-income groups in North America and Europe—income growth has been either sluggish or flat." [16] The WIR 2018 shows that, "The gap between rich and poor has increased in nearly every region in the world over the past few decades."
Not even education can close the pay gap that persists between women and men, according to a recent U.S. Census Bureau report. Whether women earn a post-secondary certificate or graduate from a ...
Nearly 51 million students are enrolled in America’s public schools, but the system is far from equal. Segregationist policies, like school funding based on property values, are impeding the ...
Wealth inequality is more unequal than income inequality, with the top 1% households owning approximately 42% of the net worth in 2012, versus 24% in 1979. [219] According to a September 2017 report by the Federal Reserve, wealth inequality is at record highs; the top 1% controlled 38.6% of the country's wealth in 2016. [220]