We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Inequality in Modern America - Essay Example

Comments (0)
Course 5 March 2012 Inequality in Modern America Even though it is customarily asserted that the United States of America is dominated by middle-class sentiments and lifestyle, it is becoming increasingly clear that the nation is characterized by relatively high level of social inequality that may often lead to the erosion of the very social fabric that it is supposed to maintain…
Download full paper
Inequality in Modern America
Read TextPreview

Extract of sample
Inequality in Modern America

Download file to see previous pages... The data for the year of 2009, as presented by the U.S. Census Bureau, are particularly stark in this regard. The general results of the 2009 American Community Survey allow one to conclude that median household income experienced a sharp decline as the result of the 2008 market crash, having fallen fell by almost 3 percent between 2008 and 2009, from $51,726 to $50,221. In fact, this fall was experienced at that time for the second time, as the first such phenomenon was registered for the year of 2008 as a whole. Only in lightly populated state of North Dakota did median household income experience any kind of growth at that time (“Census Bureau Releases”). At the same time, according to the Census Bureau, 31 states experienced increases in poverty rates between 2008 and 2009. No significant decrease for any other state was registered either. In total, since December 2007, national median income had fallen down by 4 percent in 2009 in comparison with its pre-recession level. Under such situation, the deterioration of social standards was certain to ensue. The analysis of the numerical data presented by the Census Bureau enables one to understand that the income gap between the dispossessed and the affluent increased by enormous amount due to the aftershocks caused by the crisis. The data presented by the Census Bureau indicated that the inequality as evaluated on the basis of the income gap between higher and lower classes of the American society had grown tremendously in that period, reaching the highest level among the advanced market economies. The extreme poverty level, as defined by allegedly unsatisfactory official poverty rate estimates, had grown likewise in 2009, rising from 5.7 percent in 2008 to 6.3 percent in that year, which represented a staggering fact of an 11 percent increase in the number of people affected by poverty condition per annum. It may be observed that the 2009 poverty rate was the highest on the record, which is telling, as these estimates had begun as early as 1975 (“Census Finds Record Gap between Rich and Poor”). The results for the income inequality ratio between the respective groups of population were even more dismal. In 2009, the top 20 percent of the population (i.e. people with the income exceeding $100,000 a year) obtained almost 50 percent of total U.S. income. All the while, approximately 44 million people living below the poverty line took in merely 3.4 percent of national income. Therefore, in 2009, the income inequality ratio reached the mark of 14.5-to-1, which represented an increase from 13.6 in 2008 and was double as high as a historically lowest level of 7.69 that was registered in 1968 (“Census Finds Record Gap between Rich and Poor”). The situation in 2010 and 2011 followed the trend that had been formed in the preceding years. Basically, the top earners consolidated their gains for the previous times, still enjoying the accumulated effects of the early 2000s tax cuts, while the poor and middle class experienced terrible aftershocks of the 2008 Great Recession, being hit with house foreclosures, value-added tax increases and the continuing wave of layoffs. The general situation in the United States in this respect continues to be dismal, yet it is necessary to paint the more detailed picture of the state of inequality in ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Inequality in society
Inequality is either acquired in the course of one’s life or one is born already unequal to others (Brumfitt 46). When Neiman offers his insight on the course of life, he generally states that life offers opportunities to every one and it is up to the individuals to claim their share of what life offers.
5 Pages(1250 words)Essay
Gender Inequality
Despite being fully aware of gender issues and its implications, we have still been unable to eliminate gender inequality from our modern society. Unfortunately, sexism whether juvenile or benevolent still remains one of the major integrated problems of today’s technologically and economically advanced world.
8 Pages(2000 words)Research Paper
However, as America faces economic instability, second thoughts arise and the doom of the nation is feared by a lot of analysts. There has always been a great divide between the rich and poor in the nation but that is gaping more and more instead of having it bridged.
8 Pages(2000 words)Research Paper
Modern Latin America
Modern Latin America. As the initial colonial outpost of the early-modern European world, Latin America has for a long time witnessed multifaceted procedures of cultural cross-pollination, adaptation, as well as suppression. Starting in the 15th century, millenarian Amerindian societies, heirs to the well-off local "scientific" practices surrendered to European institutions of learning, as well as to new-fangled dominant forms of symbolizing the natural world (Edwards, 2010).
5 Pages(1250 words)Essay
Modern America
The new imperialism was actually a quest for new markets and raw materials which became necessary due to economic explosion resulting from the second industrial revolution. Business organisations felt compelled to find new markets for their burgeoning supply of goods and lew sources of investment for their growing supply of capital.
3 Pages(750 words)Essay
Educational Inequality in America
The study culled information from 600,000 students in 4,000 schools. The data reinforced the importance of family background in schooling which disregarded the role that school-based dynamics play in the educational aspect. His study set reframe the educational policy debate.
6 Pages(1500 words)Essay
Income Inequality
Income may result from wages, rent, bank account interests, salaries or even profits made in business transactions ( Stiglitz, 2012). In his hypothesis, Karl Marx foresaw income inequality in a capitalistic as a
10 Pages(2500 words)Essay
Income Inequality in America
Talented children from low-income families have a challenge of pursuing their careers through talent development. Income inequality is rising every day due to the stagnant incomes earned by the poor and the middle earners.
4 Pages(1000 words)Essay
Modern day America
All the values, beliefs and behaviors of the group of people get passed to other generations through communication and imitation. The young people learn from the way the old conduct various activities in the community
7 Pages(1750 words)Essay
Income inequality in America
Income inequality is the unfair distribution of wealth and economic resources between various groups of people, different societies, or individuals within a state. Equity is equality, and where equity fails, inequality must stand.
6 Pages(1500 words)Essay
Let us find you another Essay on topic Inequality in Modern America for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us