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Essay / Research Paper Abstract
This 3 page paper discusses the extent of social inequality in the U.S., and the problems it presents. Bibliography lists 3 sources.
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3 pages (~225 words per page)
File: D0_HVsoineq.rtf
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growing, to a startling degree. This paper considers the problem of social inequality in America. Discussion Inequality in the United States, which is usually measured as income inequality, is startling
and is getting worse. "In 18 states, the poorest fifth of families grew poorer between the late 1970s and late 1990s. In four states-Arizona, New Mexico, Wyoming and New York-that
portion of the population experienced a decline in income of more than 20 percent" (Walsh, 2000). For example, in New York State, the poorest families made $10,767, a drop of
$2,900; at the same time this was happening, the "richest 20 percent of New Yorks families enriched themselves by an average of $45,480, or more than 40 percent" (Walsh, 2000).
In 31 other states, income of the wealthy rose much more quickly than that of the poor. In Florida, the poorest families income increased by only 1.2%; in monetary terms
thats $140 (Walsh, 2000). At the same time the poor were scrabbling to make ends meet, the "richest families increased their incomes by over 36 percent, or $33,240" (Walsh, 2000).
It gets even worse when we factor in the top 5% of Americans. They increased their income by about 35% even as the income of the poor fell or at
best, gained "only slightly" (Walsh, 2000). It wasnt only the poor that lost out; the middle class is falling behind as well (Walsh, 2000). The gap between the rich and
the middle class "grew significantly"; the wealthy had an income approximately 2.7 times as great as those in the Middle quintile (Walsh, 2000). No less a personage than Alan Greenspan
(now being ridden out of town on a rail because of the Wall Street debacle) said in 2000 that the "soaring stock market" was a cause for concern, since "fully
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