Wealth gap biggest in US

The wealth gap is the widest in three decades in the US, the developed country with the highest rates and one of the lowest levels of social spending on programs like TANF, WIC and Earned Income Tax, according to the Economic Policy Institute . North America is the only region where the middle class doesn’t own its share and more of national wealth: 70% of the people own only 7% of the wealth.  Almost 62% of people ages 25 to 60 have suffered at least a year in poverty or near it; two-thirds of them are white.  It’s one of the few advanced countries that spends less on educating poor children than those in rich families. One out of every five children lives in poverty and nearly half of black children are poor.
Pierce Nahigyan, “8 Facts About American Inequality,” Counter Currents, October 21, 2014.
Paul Bucheit, “2015 Wealth Data: U.S. Inequality at its Ugliest,” Common Dreams, October 19, 2015.
Neil Schoenherr, “Poverty Prospects Higher than Expected, Washington University Newsroom, July 22, 2015.


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