Differences Between Rich And Poor Essay

763 Words Oct 29th, 2015 4 Pages
Since the beginning of civilization there has been the distinct difference between the rich and the poor. In rural areas, people who owned land or possessed large amounts of cattle were considered rich. The children of the rich undoubtedly anticipated inheriting these possessions so they could have the best and maintain an above average lifestyle. Depending on the person’s religious background, the number of wives, one man had determined his status. The less fortunate or the poor, barely had any land or owned no land at all. Sometimes owning more than a few cattle was a luxury. Their children inherit little or nothing. Consequently, they marry a lowly wife or cannot find a wife. These are only a few historical examples of how the differences began. In this day and time, the differences between being rich and poor are just as apparent in income, social class, and opportunities.

The first notable difference between the rich and poor is the amount of income in the household. According to the Merriam-Webster dictionary, income can be defined as “money that is earned from work, investments, business, etc.” Politicians, heirs, CEOs and celebrities gain their income from investments and capital gains. Washington Post reporter Christopher Ingraham reports that the richest 10 percent of American households earn about 28 percent of the overall income pie (Ingraham). This affords them the luxuries of multiple homes, boats, cars and material possessions. Nevertheless, the poor who…

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