The Rich Get Richer And The Poor Get Poorer Essay

Is the popular saying “the rich get richer and the poor get poorer” really true? In the America, also known as the land of opportunity, there are infinite ways for a person to become successful. Here, you can come into this world into poverty and leave with riches and vise versa. In America, people of any status have the same opportunities to make it big and live a life that has been always been dreamt of. This is what we are forced to believe and convince ourselves in order to keep society in order. The rich do get richer and the poor do get poorer and it is causing problems in our country. As stated by Gawain Kripke, he believes that "no one credible will say this is good for the world or good for the economy" (Peck, “62 Richest People On Earth”). I’m …show more content…
But why is this happening? Individuals who live with a lot of wealth tend to possess a greater number of investment opportunities that allow them to further climb the economic ladder, unlike the working poor. The common saying “it takes money to make money” is very true when looking at the wealth gap in our nation. The wealthy able to invest their earnings in a stock market in order to obtain a larger return. Those who don’t live in luxury do not have the resources to increase their opportunities to improve their financial status. The poor have no savings to invest with or eliminate their debt unlike the wealthy. As new generations come, they inherit their family’s wealth in order to invest with and make even more money. Another factor of this wealth gap can be seen from the education an individual receives. Every American has different levels of education, therefore they tend to earn different wages. The level of education is usually proportional to the level of skill. If a person has higher education they tend to have more advanced jobs that requires a certain amount of skill, therefore a higher wage is