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Which is greater in the United States today, the income gap or the wealth gap? Why is...

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Psychology

Which is greater in the United States today, the income gap orthe wealth gap?

Why is it sociologically important to make a distinction betweenthe two?

Answer & Explanation Solved by verified expert
4.5 Ratings (728 Votes)
There is pronounced wealth gap between the rich and poor than income gapWealth refers to the assets one possesswhereas Income refers to the money one receives after a specific period of timefor the work done Wealth includes ones personal financial    See Answer
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