Income in the United States

are generally known for their diligent work ethics, their high levels of education and the high paying job that follows from their education. This stereotype is even supported with statistical data, Asian Americans holding a higher median household income, $66,000, compared to the general population’s $49,800 (Pew Research Center). With a rise in Asian immigrants and the Asian American populace as a whole and how they are projected to be the largest minority group by 2055 (Cepeda), the U.S.…

The sixteenth amendment is one of the most controversial statements that has aroused the American people with its ability to grant the government to control your financial state and also disable you to do certain things when they need money to use for no good reason. Do you want your money in someone else 's hands? Or do you want your own money to be able to control? The money that is given to the government through taxes is supposed to be used to support foreign affairs and have the…

percent of Americans were reported to live in poverty in 2010, which was the highest level since 1993. This represented approximately 46.2 million Americans who have incomes below the poverty line. However, income alone cannot provide an accurate measure of poverty since it ignores the effects of government subsidies like the Earned Income Tax Credit, Medicaid, food stamp, and housing subsidies James Sullivan from National Poverty Center. For example, food stamps alone give $14 million worth of…

The cost of living has elevated. However, the majority cannot afford to sustain a happy lifestyle with the wages that they earn. The article on the Dangerous effects of mounting Inequality states, “Families keep on to making up for the falling wages to maintain a particular standard of living is by going taking themselves deeper into debt. The fact that there is the progressive increase in debt, people will not have the capacity to save for…

needed. Pocahontas County Market Analysis Demographics Pocahontas County is located in West Virginia with a population of approximately 8,700 people with a downward trend (U.S. Census Bureau, 2014). The county also has a lower than average household income and a higher than average poverty level (U.S. Census Bureau, 2014). Due to the low population per square mile and the…

Income Gap Inequality: A Dividing Problem - Literature Review Introduction Income inequality is a pressing issue for many economists, researchers, and politicians. The gap between the top 1% and the other 99% of Americans has increased for the past three decades (DeSilver; Cobb; Milanovic; Hatch, Ribgy; Jacobs, Dirlam; Cooper, Palumbo, Lutz). Income inequality is defined as the uneven distribution of income in the population, and the gap between the wealthy and everyone else (Priester,…

In 1980, the size of immigrants are 14.1 millions which takes 6.2% of US population. In 2015, the U.S. immigrant population is more than 42.4 million, or 13.3 percent, of the total U.S. population. Simultaneously, the migration from Asia to the United States rose from 5% share of population in 1960 to 30% in 2014. This is an astonishing leap in immigration numbers in U.S.. But the share of women immigrants in all U.S. immigrants has been static. It keeps at around 51%. From the Graph 1, we can…

The poverty numbers across the United States vary widely depending on state and region. For example, the state of Mississippi has the highest poverty level of any state, at 22.0 percent (“SAIPE Mississippi”). In the northeast, there is New Hampshire with the lowest level of poverty by state at 8.2 percent (“SAIPE New Hampshire”). In Missouri, the poverty level is 14.8 percent, which is about even with the national level of 13.5 percent as of 2015 (“SAIPE Missouri”). In analyzing the Kansas…

for Law and Economic Justice (NCLEJ) in the United States, there are 46.5 million people living under poverty. That means every one of six people in the Untied State are living in poverty. Poverty affects a person’s education, health and also affect the United States economy. The government should provide more resources and financial help for those who lives below the poverty line. In the article “11 Facts About Education and Poverty in America” it states that there are more than 30 million…

Hunter Depalma ECON 221 Butler February 13, 2015 Racism & Income Disparity: Income Effect Income disparity is an ongoing complication within the United States not only between men and women, but between races. Many people in our country are poor, and the improvement in their lives that the ending of income inequality can bring them is great. For the most part this shifts demand curves from the incomes increasing and decreasing, negatively and positively. Some argue that our society here in…