Wealth Inequality

Words: 429
Pages: 2

Increasing wealth equality and growing student-loan debt serves to inflict grave harm on America’s steady economic progress but also undermines democracy and forbids social mobility. Over the duration of 50 years, economic wealth becomes increasingly concentrated among the nation’s wealthiest Americans. The United States continues to exhibit significantly higher rates of wealth inequality and student loan debt than most highly developed nations that would have catastrophic consequences for the American economy. In order to fully comprehend the reasons behind how the divide between the rich and the poor worsened overtime, it is necessary to analyze key economic trends over the course of American history. During the 1930s, the establishment