1. What made the biggest impression to me was that the inequality in wealth is that the top 1% of Americans hold more assets than the bottom 90% combined. This figure exemplifies the excessive concentration of wealth in the United States, where a small minority of the population controls an unfair share of the country’s resources. The wealthiest 1% of Americans hold more money than the bottom 90% combined, thanks to inheritance, stagnant wages, inequality in income, favorable tax policy, and capital ownership. These elements form a self-reinforcing system in which the few can continue to collect and enhance their money while the majority struggles to overcome finances, resulting in increased inequality.
2.The disparity in wealth has far-reaching consequences, ranging from decreased social mobility and political power to economic instability and social dissatisfaction These dynamics are manifested in everyday life through differences in education, healthcare, housing, and political power, resulting in a society in which the rich continue to prosper while the poor face growing hardships. This mismatch has long-term societal effects, including increased division, instability, and a collapse in social unity. For example I come from a low income family which lead to me taking out student loans to help pay for my education. While I was working full time to cover my expenses, the cost of tuition and living was too expensive without trying to avoid borrowing.