Blog #1: Wealth Inequality in America

(A bit late on posting this to the actual blog however it was emailed!)

The distribution of wealth in America took me by a complete surprise. One percent of the entire population owns about 24% of the total wealth while the even the so-called “rich” folk still don’t make half as much.  It amazes me that those living in America, including myself, for so many years are naïve to this alarming fact. What’s even more alarming is that the middle-class, in reality, makes about the same as what we perceived the poor to be making. When we think about wealth inequality we think about it in terms of our status in our own communities instead of looking at it across the entire nation. Many of us can say we are in “good standing” or make about the same as those around us because we fail to realize that those around us are only living in the same community because they in fact do make the same as we do. The rich stay with the rich and the poor remain with the poor and so on and so forth. The wealth in America is so unequally distributed that it seems nearly impossible to move up. Something that intrigued me was that those making lower incomes who were asked to choose which pie chart they thought was the wealth distribution in America, chose the most unequal chart. Many of those individuals were immigrants who came to this country for better opportunities and live the “American dream”. The distribution of wealth in America is so alarming that it makes me question the true meaning behind this so-called “dream” that we all strive so hard to fulfill. 

Advertisements

One response to “Blog #1: Wealth Inequality in America

  1. Hi ADeen100,
    I felt that it is true that we American did not realize the 24% of the entire population owns the wealth. It interesting that we do not see this at all because of our media and what I believe how we are grew up. When you said “When we think about wealth inequality we think about it in terms of our status in our own communities instead of looking at it across the entire nation” is very true in a sense someone in our community might be poor if looking outside of the community. Also, when you mentioned that the “rich stays with the rich and the poor remains with the poor” makes me wonder that people who feel they belong in those communities because they have things in common. What I am trying to say here is that, people who feel that should be with people similar to them (with money or language) because they feel comfortable. An example of this might be ethnic communities, Hispanic feel more comfortable in a community that speaks the same language but has similar culture close to their native home.
    I agree that it is alarming what is achieving the “American Dream”. My parents and family are immigrants and they sought to have a better life in America. The truth is most of my family members are willing to work as much they can in America and go back to their country when they are able to retire (which I doubt because elderly folks are still working until they are unable to!). On a personal note, my mother is willing to go back to her own country because the dollar is good there that you are able to buy more than the United States.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s