top of page

wealth inequality

  • is the unequal distribution of assets among residents of the United States

  • for example the difference in wealth between two parties. like the rich verses the poor

  • the wealth gap between white and black families nearly tripled from $85,000 in 1984 to $236,500 in 2009

  • wealth includes the values of homes, automobiles, personal valuables, businesses, savings, and investments

  • there is an important distinction between income and wealth:

  1. income refers to a flow of money over time in the form of a rate (per hour, per week, or per year)

  2. wealth is a collection of assets owned minus liabilities

Similar topics

rich

poor

bottom of page