CLASS IN AMERICA

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mark zuckerberG oprah winfrey

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DISTRIBUTION OF WEALTH IN AMERICA

WHAT HAPPENED TO THE

AMERICA IS A

MYTHS

• The United States is fundamentally a class less society
• We are, essentially, a middle-class nation.
• We are all getting richer.
• Everyone has an equal chance to succeed.

THE ECONOMIC SPECTRUM

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• The wealthiest 1 percent holds 34 percent of the total national wealth.
• The richest 20 percent hold nearly 85 % of the total household wealth .
• 183,000 American earn more than 1 million annually.
• 400 billionaires in U.S.
• It will take the average American 28,033 years to earn just a billion.

REALITIES

REALITY 1

• There are enormous differences in the economic standing of American citizens
• U.S. Population ps occupies opposite ends of the economic spectrum.

REALITY 2

• The middle class in the U.S. holds a very small share of the nation wealth.
• America Life-Styles
• America is the best dressed poverty the world has ever known.

REALITY 3

• Even ignoring the extreme poles of the economic spectrum
• We find enormous class in life-styles among the have, haves not, and have-littles.
• Health

REALITY 4

• From cradle to grave, class standing has a significant impact on our chances of survival
• Food and basic necessities.

REALITY 5

• Class standing has a significant impact on chances for educational achievement

REALITY 6

• All Americans do not an equal opportunities.
• Inheritance laws ensure a greater likelihood for success.

REALITY 7

• Racism and sexism significantly compound the effects of class in sociality

CHANCES OF BEING POOR IN AMERICA

1%VS 99%