Income

next section concentrates on the relationship between [past levels of educational attainment and different levels of development for countries] and the educational attainment in the present. This will help to give insights about the fluctuations of income inequality. Evolution of Educational Attainment The following regression will assist to look at past levels of educational attainment and since Table 1 already indicated the existence of regional differences in educational attainment, regional…

Citizenship and Income What is the relationship between the citizenship and the household income in the United States? The three data sets that are provided, “ Level of education: native-born compared to immigrants” published by the US Census Bureau, 2009 (Figure 1), “Median Household Income by Status Time in US,2007” Published by Pew Hispanic Center, 2008 (Figure 2), and “US Immigrant Population in millions” Published by Pew Research Center, 2012 (Figure 3), describe this relationship.…

over half of the world wealth by the end of 2016. This income inequity cannot only cause economic problems (lack of spending power by the majority) but it can also cause political problems (Occupy Wall Street). This income disparity has been growing dramatically over the couple of decades and will continue to grow unless…

Income and Wealth Inequality It is without a doubt that income and wealth inequality is the largest corrosive force toward a decent economy in the United States. The effect of the rich getting dramastically richer while the poor have lost what little they had has lead to some economists labeling the last 20 years as the “Age of Greed.” Income & wealth inequality in America has placed many people below the poverty line and squeezed middle class families; the implementation of a living wage, a…

Throughout time income inequality has existed throughout the world. Although, we as Americans have “equal rights and opportunities” to be as successful as the next person, it is difficult to achieve these things while not being paid and treated fairly. Income inequality refers to the extent to which income is distributed in an uneven manner among a population. In the United States there is a blatant income and social inequality. The reason being is that people in the United States have been so…

Secondly, the median family income is biggest difference between both cities. Income goes back to education and they really tie into each other. It is statistically proven that a higher education create a larger income. Also these two places require different things from the people. In Philadelphia, the Beverly Hills income would be too much. If one obtain made that much income in Philadelphia than they relocate. The social forces of these incomes starts with the most important of “family.” In…

Yes, there should be a federal law guaranteeing each family a minimum annual income. Currently, there are many people across the nation who are unemployed. People who are unemployed do not earn money, people who do not earn money can not purchase food, and people who can not purchase food either starve or steal. A federal minimum income would give money to all, including the unemployed and those below the poverty line, which would allow them to purchase food for themselves and for their…

In a recent article by the New York Times, Eduardo Porter examines the historical context of American income. Since the onset of the Great Recession, 2015 marks the first time the Census Bureau reported an increase in median U.S. incomes. Even more optimistic, though, incomes of the poorest fifth of the population increased by 6.6% and poverty decreased from 14.8% in 2014 to 13.5%. Although these statistics elicit a positive outlook for the years ahead, Porter cautions the reader to examine why…

Every society, and more specifically each city, has its own distinct social ladder. The ladder is comprised of at least three classes: high income, middle income, and low income. In the class session, each of these classes was associated with possible advantages as well as struggles and challenges. While these may be typical advantages or struggles, they may not necessarily apply to all persons within those classes. For example, people who have accumulated a lot of wealth but are not willing to…

transfer payments (earned income credits, Medicaid, unemployment benefits, SNAP, TANF and SSI). This leads to the creation of wedges between earning and income with the more affluent (being taxed the most) not getting everything they have earned and the less affluent (transfer recipients) not earning everything they receive resulting in less income to redistribute. The result of which is described as what Arthur Okun refers to as the “leaky bucket” of redistribution – as more income is…