Core Essay 3: Click Here When Your Essay Is Ready To Submit

Core Essay 3 Click Here When Your Essay Is Ready To Submitbeforesel

Core Essay 3 (Click here when your essay is ready to submit) BEFORE SELECTING THE " Core Essay 3 " TAB ABOVE, which initiates this assignment - Reference the U.S. Census Bureau, Historical Income Tables: Families, Table F-3 (for family income changes ) and Table F-1 (for family income changes 1979 to 2009). After reviewing the graphics develop a (150 word minimum) essay analyzing the data as it relates to the U.S. distribution of household wealth over these two historical periods. After writing your essay, save a copy to your computer, select the "Core Essay 3" above, scroll down to " Assignment Submission", select "Browse My Computer", attach your essay and select the submit tab at the bottom of the screen.

Paper For Above instruction

The evolution of household wealth distribution in the United States between 1979 and 2009 reflects significant economic and social changes. According to the U.S. Census Bureau's Historical Income Tables, particularly Tables F-1 and F-3, there is a noticeable shift in income and wealth concentrations among American families. In 1979, household income distribution was relatively more equal, with the middle and lower-income groups holding a substantial share of national wealth. However, by 2009, data shows increasing income inequality, with wealth becoming more concentrated among the top income brackets. The top 20% of households saw their share of wealth expand, while the lower-income groups experienced stagnant or declining shares. This trend indicates a widening wealth gap, driven by factors such as globalization, technological change, tax policy shifts, and changes in labor markets. These dynamics contribute to persistent socioeconomic disparities and influence overall economic stability, as wealth inequality can limit social mobility and economic opportunity for lower and middle classes.

References

  • U.S. Census Bureau. (2010). Historical Income Tables: Families. Table F-1 and F-3. Retrieved from https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-families.html
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  • Wilkinson, R., & Pickett, K. (2010). The Spirit Level: Why Greater Equality Makes Societies Stronger. Allen Lane.

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