The statistic on wealth inequality in the US that made a big impression on me is the top 1% and the bottom 90%. This shows that the top 1% owns between 40 and 50 percent of the nation’s total wealth. It crashes the “middle class” title since that is the american dream to live comfortably with your family and statistically, it shows the middle class families are actually struggling. Families don’t have wealth to fall back on and this can push families into debt or poverty

Money has power. A group of people that controls the economy and politics obtains the money and leaves the rest of the people with nothing. The implications of Huge Wealth Inequality can be that money influences politics. It can also make people feel excluded when it comes to certain benefits. It also creates the idea that families can just go into debt. We see these situations in our daily lives, for example, wealthy families can afford private schools/universities and this allows children to have an advantage. Most working class or middle class families usually just attend public schools in poor areas. One more example of this is healthcare. Wealthy families are able to afford quality healthcare since they are able to afford health insurance or different specialized treatments. Working or middle class families usually have to delay care and suffer since they can’t usually afford insurance. Money buys power and opportunities.