In recent decades, economic inequality (both income inequality and wealth inequality) has become a prominent topic...

60.1K

Verified Solution

Question

Economics

In recent decades, economic inequality (both income inequalityand wealth inequality) has become a prominent topic in Americanpolitics. How would you define income inequality? How is incomeinequality measured? What has happened to income inequality in theUnited States since the end of the Second World War in 1945? Whatevidence can you provide to support your answer? What are thereasons for the changes in income inequality since 1945.

What is wealth inequality and how does it differ from incomeinequality? Is wealth more or less equally distributed than income?Why do you suppose that is? What has happened to wealth inequalityin the U.S. in recent years? What accounts for those changes?

Do you think the trend in economic inequality is a problem? Whyor why not?

Answer & Explanation Solved by verified expert
3.7 Ratings (609 Votes)
In recent decade one new topic of economic inequality is in headline in America Income inequality is defined as huge difference in income earned by the rich and poor people Rich people have more income in their hands as compared to the poor people Income includes wages rent and investment earnings According to data by Census bureau 5 of household receive 217 of income and while 60 people receive 278 of income In America income inequality is measured by the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students