The debate over inequality in the US economy has been reignited, with economists at odds over the issue. The bottom 50% of the population now accounts for less than 13% of the national income, while the richest 1% controls more wealth than the middle and working classes combined. This trend has been ongoing since 1978. The American Dream's impact on inequality is also under scrutiny, with the richest Americans being the wealthiest globally, yet food poverty in America is more severe than in any other developed country.
NEW: Does the American Dream foster inequality? Let’s start with a shocking stat: These two things are simultaneously true: • The richest Americans are the richest in the world • Food poverty is more severe in America than in any other developed country https://t.co/0zmdKAmMTT
America’s richest 1% now control more wealth than middle and working classes combined https://t.co/di1bcsyBFf
The bottom 50% now make up less than 13% of US national income The rich get richer, and the poor get poorer That’s been the reality since 1978 https://t.co/yodZpJh4Uu
Why economists are at war over inequality https://t.co/6SNUU5hyGa 👇
⤴ Inequality vs. pro-progress Up Wing economics The reality of American inequality isn't what the worriers think it is https://t.co/rdFZr2rl7B https://t.co/qZWwgsLz88