Income inequities have always been around in the United States. Yet, over the past few decades the gap has grown. As seen in the pie charts you can see that since 1989 the top ten percent of income earners have grown 8% totaling a total 50% of all of the income in the United states. In 2016 the bottom 50% of income earners made between $0-53,000, the middle 50%-90% made between $53,000-$176,000, and the top ten percent make over $176,000 people. The inequities are clear. What the chart doesn’t show is what percent of the wealth that the 1% have. According to Smart Asset, a personal finance website, the 1% makes nearly $600,000 a year, which shows that there is are huge inequalities among the top 10%.
https://www.stlouisfed.org/open-vault/2019/august/wealth-inequality-in-america-facts-figures
https://www.cnbc.com/amp/2022/01/24/how-much-money-you-have-to-earn-to-be-in-the-top-1percent-in-every-us-state.html
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Income inequality has long existed in the U.S., but recent decades have seen the gap widen significantly. The wealthiest segments hold an increasing share of resources, as shown in the charts, highlighting disparities in economic growth. Gradding Study Abroad Consultants in Noida Addressing these inequities requires systemic policy changes to foster a fairer distribution of wealth.
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