Income in the United States

The Affordable Care Act, also known as Obama Care, is a government decision to expand health coverage to all. Services like vaccinations and Medicare, preventive care, will become free. Medicaid, for lower income individuals, will cover all low-income individuals in all states. This sounds pleasant and hopeful, but how we get there in 2019 may create a different tone. This bill will also make health coverage much more affordable for the working middle class. To have equal Insurance…

individuals with preexisting conditions (Burge, & Schade, 2014). Prior the enactment of the ACA, individuals with chronic conditions, had difficulties procuring health insurance because of their illness. Individuals with chronic conditions from low income households must have an earning about 400% below the federal established poverty guideline, which as of date is $45,960 to qualify for federally subsidized health insurance (Burge et al., 2014). Researchers estimated that approximately…

disappears into the economy chart. “The Depression and World War II dramatically reshaped the nation’s income distribution: By 1944 the top 1%’s share was down to 11.3%, while the bottom 90% were receiving 67.5%, The top 1% took heavy hits from the dot-com crash and the Great Recession but recovered quickly preliminary estimates for 2012 have that group receiving nearly 22.5% of all pretax income, while the bottom 90%’s share is below 50% for the first time ever (49.6%, to be precise).” It is…

Certainly, Inequality is the United States has increased. I think more than the studies, what has been going on in the nation and in the entire planet about how socioeconomic classes have distanced apart is pretty notorious. Paul Krugman, a well-known economist and Nobel prize winner agrees with the high inequality being face mostly in the United States, and he mentioned that one of the main causes is due to the higher inheritance and dynasties that has stored great amount of wealth leading…

social work. As Rhodes & Rhodes (2015), states “Social class is to rank with others in terms of wealth, power, and prestige. This ranking separates people into different groups that experience different opportunities in life and different ways of looking at the world” (pg. 225). With that being said, this reignites the topic of homelessness that I chose for my term paper. It touched on a very important note on how society clearly defines inequality, wealth, and income. Further grabbing my…

rise and fall throughout history. In the year 1929, the United States’ economy prospered tremendously. The economy continued to expand, until there was no more room for growth. Because the economy had reached its peak, America, along with the rest of the world, soon had economies that were plummeting. The factors that caused the Great Depression started with the overconfidence in the stock market, which led to the…

Almost any individual in the United States could argue the fact that medical care is far too expensive due to the country as a whole spending more on health care than any other developed nation in the world. More than half of Americans go bankrupt each year due to medical bills and three quarters of those do have health insurance. The reason for this is the multiple payer health care system that carries additional expenditures for things such as administrative costs and excessive profits making…

Defence of Marriage Act (DOMA). According to CNN, same-sex marriage is still not legal in 15 states (Same-sex…

the United States. Not only does Denmark have a higher per capita income than the United States by $6,000, but also has the second lowest relative poverty rate with 6% compared to the United States’ 14.8%. Since capitalism focuses on individual work much more than socialism, Americans work much more than the Danish. The average American works 47 hours a week with 16 days of vacation a year. Danes work an average of 33 hours a week with 5 weeks of paid vacation per year. In the United States,…

Many people question if fast food restaurants are responsible for rising obesity rates. Fast food restaurants are partially responsible for the rise in obesity rates. The food that fast food restaurants serve is extremely unhealthy but easily accessible and cheap and this is what attracts people to consume large amounts of it. These large amounts of consumption of these foods play a large factor in why obesity rates are rising. Based on rising obesity rates and consumption patterns, there is a…