Income Inequality in America

g richer and their share of the income pie is getting bigger and bigger. While their share is getting bigger the rest of the population is losing out. The middle three-fifths of the population received 52.2 percent of the income in 1973. This number dropped to 48.2 percent by 1993. The bottom fifth also lost some of their share of the income pie. Their share fell from 4.2 percent in 1973 to 3.6 percent in 1993. The group that did the best in this income redistribution was the top 5% of the households. Their share increased from 16.6 percent in 1973 to 20 percent in 1993. The income inequality is obvious. It is clear that the rich are getting the most out of economic growth while the poor and the middle class are getting pushed out. (Cassidy,3)
             There are many different theories as to why America is experiencing a rise in in income inequality. While some would like to believe that it was the government's fault through taxation, but that is simply untrue. The changing distribution of income occurred before the I
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Income Inequality in America. (2000, January 01). In MegaEssays.com. Retrieved 19:25, October 18, 2026, from https://www.megaessays.com/viewpaper/9688.html