Economists Report That the Income and Wealth Gaps in the United

Essay

Economists report that the income and wealth gaps in the United States are widening. What is the difference between income and wealth? Can an individual have high income but little wealth? What are some explanations for the income and wealth disparities that exist in the United States today? Why are the U.S. income and wealth gaps widening despite economic globalization and access to educational opportunities? How do income and wealth affect one's social mobility? How do other systems of social stratification affect an individual's income and wealth??