Wealth Gap In America Research Paper

Is there wealth gap in United States? Off course there is. When we look back years ago we had a poor people class, middle class people, and wealthy people. In today’s world, there is no such a thing as middle class anymore. One is poor or rich. According to Factank , American’s wealth gap between middle income and upper income families is widest on record since the economic recovery from the Great Recession of 2007-09 and that is because of increasing wealth for upper income people and no wealth growth for middle and lower income families. Household that is considered to be middle class, is a household with income $35,000 and $100, 00 a year. Many years ago, when somebody made $100,000.00 a year was considered to be wealthy, not …show more content…
According to another article I researched, it discussed that middle class is dying in United States because there is such an unequal distribution of wealth. According to Piketty, rich people will get richer because the rate of the investment is considered to be higher than the rate of economic growth, but the wages for middle class people, like myself or lower income Americans are sinking, a lot of this sinking has to do with being under control of the wealthy. There are a lot of jobs that are created to eliminate hiring of people. Like in the Super Markets having those “Self-service “Registers. They don’t have to have anyone to scan products, give change, or pack the products, everything is done by the customer. It is definitely costly at the beginning to purchase this type of cash registers but it will pay off very equally, since a company doesn’t have to hire anyone to operate it. These cash registers jobs are usually performed by low or middle class individuals, having such an advanced technology where everything is done by computers, middle class is slowly disappearing. I consider myself a middle class individual, in my opinion there shouldn’t be tax special to redistribute wealth if the