The Gap Between Rich And Poor - 2458 Words

The focus of the research is on the gap between rich and poor in the United States. Especially in income inequality, how the shares are distributed among families and in what ways are the poor affected. Also, to show how the gap between the rich and poor alternated throughout the years. The gap between them is expected to increase resulting in serious threat. This is because the poor are dealing with weak health, negative energy, unwilling to work and a higher proportion of bad behavior since they don’t have hope. Since their voice is not heard, the United States will lose a lot of talents and skills of those young poor people who lack the ability to reach their voice. Also, as the gap between the two increases, middle class people will also get affected. The middle class will be considered from the poor because the rich’s wealth will increase and their income will decrease. Background and focus of the research: According to (Leonard, 2010) state of the world 2004 report shows that world’s richest population, which is 20 percent of the world population is accountable for 76.6 percent of the total of private consumption. Middle class people who are 60 percent of the world’s population are using 21.9 percent of worlds private consumption. Also, the world’s poorest class is approximately 20 percent of world’s population. They are using 1.5 percent of worlds private consumption. (Leonard, 2010) The gap between rich and poor people shows inequality between them.Show MoreRelatedThe Gap Between Rich And Poor1262 Words   |  6 PagesDown Easy and Up Hard Continuously, both poor and rich people will always exist. Rich people are mostly born from wealthy families. The more they work, the richer they get. Furthermore, the less rich people work, it can be a source of downfall to their economic stability. As for poor people, it can be a tough situation for them to acquire a higher professional position. In regards people, they need to work extremely hard to get to the middle class and then perhaps to a higher class. It is saidRead MoreThe Gap Between The Poor And The Rich849 Words   |  4 PagesIn the article named â€Å"wealth† written in 1889,the author, Andrew Carnegie stated his opinion on the widening gap between the poor and the rich. In the late 19th century, the conflict between different social classes is getting worsen. â€Å"The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. † 1. People consider th is difference as unfair and should be criticised. However, Mr Carnegie believeRead MoreThe Gap Between The Rich And The Poor900 Words   |  4 Pages cite the gap between the rich and the poor as a very big problem. And notably, it is the leading economic concern in the eyes of people in major economies such as China and Germany, at 42 and 39 percent, respectively, according to the new Pew Research survey. A global median of 29 percent say their government’s actions are to blame for inequality, making it the leading cause cited. People in advanced economies, in particular, believe that their governments are responsible for the rich getting richerRead MoreThe Gap Between The Rich And The Poor1575 Words   |  7 Pagesis an issue not foreign to the American people. The gap between the rich and the poor has irrefutably increased over the past five decades and continues to grow to massive extents. It is not the presence of this imbalance that is in question, but rather whether or not this imbalance hinders the average, working American’s chance at upward mobility. 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