Overview
Wealth disparities in the U.S. are a significant issue that affects millions of people. These disparities arise from a combination of historical injustices, economic policies, and social factors that create unequal opportunities for individuals. Understanding the causes and impacts of wealth dispari...
Key Terms
Example: The wealth gap between the richest and poorest Americans has widened over the last few decades.
Example: Income inequality can lead to social unrest and economic instability.
Example: High social mobility allows people to improve their economic status through education and hard work.
Example: Progressive taxation aims to reduce income inequality by taxing higher incomes at higher rates.
Example: Universal basic income is proposed as a way to alleviate poverty and reduce wealth disparities.
Example: Economic policies can include tax laws, government spending, and regulations.