1. Which statistic on wealth inequality in the US (discussed on p. 29) made the biggest impression on you? Explain why?

The statistic on wealth inequality in the US that made the biggest impression on me is the fact that the top 1% of households own more wealth than the bottom 90% combined. This statistic is striking because it vividly illustrates the extreme concentration of wealth among a tiny fraction of the population, leaving the vast majority with significantly less economic power and opportunities for upward mobility.

2.What could be some of the implications of living in a society that has such huge wealth inequalities? Do you see this dynamic getting played out in everyday life in our society? How so? Example?

Living in a society with such significant wealth inequalities can have numerous implications. Firstly, it can perpetuate cycles of poverty and limit social mobility, as access to resources and opportunities becomes increasingly concentrated among the wealthy. This can lead to feelings of frustration, resentment, and alienation among those who are left behind. Moreover, such disparities can undermine social cohesion and exacerbate divisions, potentially leading to increased social unrest and instability.

1)I think the statistic that made the biggest impression on me was the one about 90 percent of American families have little to no net assets. This stood out to me because I guess with being on social media and trying to have an up-and-coming business I’m always seeing and researching business and they tend to have a lot of people running big business or having something that is valuable to others that’s making them lots of money. So, I figured the number of families that have no, or little assets would be a little less maybe around 75 percent. I believe a lot more people are trying to come out of that life of having to only work paycheck to paycheck.

2) When you have so many wealthy inequalities within a living society, I believe the implications can be so many things. One of them being Violence you would of people who are struggling no matter what they do just going out there and just taking the things that they want. Whether it be robbing a person to get their stuff or robbing the stores. I’m a little torn I do believe it can die out however I’m not sure it will. There are so many people out here today struggling and reverting to violence. However, if we can come up with ways to make sure everyone can have equal help and equal opportunities and actually enforce it to help then it can die out.

1. The most shocking statistic of wealth inequality on page 29 is that the top 1% owns 40-50% of the nation’s wealth. It’s shocking to me because the US is one of the most powerful nations in the world and with that would come money but to think almost half the wealth is from the top 1% is wild.
2. The biggest implication of a society that has huge wealth inequalities is unequal wages. I don’t see this being played out because the big corporations in the world today help fund campaigns for Congress as I learned in my sociology class. So if that’s the case and they help contribute to the nation’s wealth, why would anything change if it’s a win-win for the nations powerful and wealthiest figures

1.One statistic on wealth inequality in the US that made the biggest impression the most on me is the fact that the top 1% of Americans own more wealth than the bottom 90% combined. This statistic highlights the extreme concentration of wealth in the hands of a very small percentage of the population.

2The implications of living in a society with such significant wealth inequalities are profound. Some of these implications include.When a small portion of the population holds a majority of the wealth, it can hinder economic mobility for those in lower income brackets. The ability to move up the economic ladder becomes increasingly difficult. In a society with significant wealth disparities, access to quality education may be limited for those from lower-income backgrounds. This can perpetuate the cycle of poverty and inequality.

1. Which statistic on wealth inequality in the US (discussed on p. 29) made the biggest impression on you? Explain why?
2. What could be some of the implications of living in a society that has such huge wealth inequalities? Do you see this dynamic getting played out in everyday life in our society? How so? Example?