User:Tyler Shaffer/sandbox

Wealth and Income throughout the world

Wealth and income in the United States is a very overlooked topic. Wealth and income are different in their own ways. Income is the flow of money. The most common form of income would be citizens' annual salary or wages. Wealth is a little different from income as wealth is the total collection of assets minus liabilities. These two key concepts can be broken down into many different types. Income inequality is a measurement of Distribution of income (Total amount of money a person is paid). Wealth inequality is a measurement of Distribution of wealth (Total amount of wealth a person owns). Wealth throughout the world can be be measured by the using Gini coefficient. Gini coefficient is a scaled chart between 0 and 100. The numbers on the chart are labeled as 0 being perfect and 100 being absolute equality. Wealth and Income in the U.S. are a significant issue as money controls the functions of different facades of life, ranging from unfair wages to taxes. Gini coefficient influences wealth inequality and the structure of the U.S. is being drastically reshaped. The problems and struggles that wealth and income has caused throughout the past ten 20 years include.....

Unbalance

Throughout time wealth and income in the U.S. has became less balanced. Statistically from 2000 to 2022 the top 1% of income earners in the United States rose by an average of 338%.