In the sub-title’s passage of “who owns America”, The top 1% being 40-50% of the nation’s wealth has more than the combined wealth of 90% of the bottom family’s wealth. which is surprising because they base their wealth off of investment funds, business assets, stocks, etc., but a lot of them only have investments under 2k. The other families (Bottom 90%) have almost no assets which makes you think, the top 1%gets their wealth passed down by generations, which is why it’s so hard for the poor to become wealthy or gain a lumpsum of wealth. This dynamic is still an issue in our current economic status with social class being an example of wealth inequality, we put individuals in categories determining their social classes based off their income.
2 thoughts on “Discussion Board 5.3 – Aniyah Kitson”
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Hello Aniyah, you brought up an important point about wealth inequality and how it perpetuates across generations. The fact that generational wealth is a huge factor in why the gap continues to widen. And as you pointed out, social class frequently reflects this economic divide. Many people find it practically impossible to accumulate wealth due to this structural problem, which begs concerns about opportunity and fairness in our society.
Your reflection on wealth inequality in the U.S. highlights a critical issue regarding the distribution of wealth between the top 1% and the bottom 90%. It’s indeed striking how such a small percentage of the population controls such a significant portion of the nation’s wealth, primarily through investments and generational wealth. As you pointed out, this disparity makes it incredibly challenging for those in lower income brackets to accumulate wealth, creating a cycle of inequality that persists over time. The categorization of individuals into social classes based on income further deepens this divide, reinforcing the barriers that prevent upward mobility for many. This dynamic remains a pressing issue in today’s economic landscape, where wealth inequality continues to shape the opportunities and outcomes available to different groups in society.