The fact that most of the wealthiest 1% of Americans own more wealth than the bottom 90% put together, which surprised me the most about wealth inequality in the US. Due to this extreme concentration of wealth, a small group holds the majority of financial resources, while the majority of people have much less. Such an imbalance raises serious questions concerning economic mobility, wages, and access to necessary resources. The widening wealth disparity may have long-term effects on political influence, educational opportunities, and social stability.

This disparity impacts society in numerous ways, including economic instability, limited social mobility, political divisions, and unequal access to critical services like healthcare and education. With so much wealth concentrated at the top, those in the bottom 90% often struggle to achieve financial security. One major effect is the inequality in education—schools in wealthier neighborhoods benefit from higher property tax revenue, allowing for modern facilities and experienced teachers. Meanwhile, schools in lower-income areas often lack sufficient funding, leading to overcrowded classrooms and outdated resources, putting students at a disadvantage.

This gap is also evident in the healthcare sector. While those with less money frequently do not have access to even the most basic medical services, which leads to worse health outcomes, the wealthiest people can afford high-quality insurance and preventive care. Naturally occurring disasters provide a vivid illustration of this discrepancy. Richer people can afford to rebuild, evacuate, or use emergency resources during hurricanes, wildfires, or periods of extreme heat. On the other hand, the worst effects are felt by low-income communities, which frequently have less stable housing and fewer financial safety nets. The housing crisis is yet another glaring illustration of wealth inequality. It is almost impossible for middle- and lower-class people to find affordable housing in cities like New York due to skyrocketing property prices, which are partly caused by wealthy investors. This results in rising Homelessness and displacement.