The standard of living in the United States is high by the standards that most economists use, and for most of the 20th century, the United States was widely recognized as having the highest standard of living in the world. Per capita income is high but also less evenly distributed than in most other developed countries; as a result, the United States fares particularly well in measures of average material well being that do not place weight on equality aspects.
Economic inequality is an umbrella term for a) income inequality or distribution of income, b) wealth inequality or distribution of wealth, and c) consumption inequality. Each of these can be measured between two or more nations, within a single nation, or between and within sub-populations.
In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world.
Incarceration in the United States is one of the primary means of punishment for crime in the United States. In 2021, over five million people were under supervision by the criminal justice system, with nearly two million people incarcerated in state or federal prisons and local jails. The United States has the largest known prison population in the world. It has 5% of the world’s population while having 20% of the world’s incarcerated persons. China, with more than four times more inhabitants, has fewer persons in prison. Prison populations grew dramatically beginning in the 1970s, but began a decline around 2009, dropping 25% by year-end 2021.
The distribution of wealth is a comparison of the wealth of various members or groups in a society. It shows one aspect of economic inequality or economic heterogeneity.
Matthew Colin Taibbi is an American author, journalist and podcaster. A former contributing editor for Rolling Stone, he is the author of several books and publisher of Racket News on Substack. He has reported on finance, media, politics and sports.
Critical criminology applies critical theory to criminology. Critical criminology examines the genesis of crime and the nature of justice in relation to power, privilege, and social status. These include factors such as class, race, gender, and sexuality. Legal and penal systems are understood to reproduce and uphold systems of social inequality. Additionally, critical criminology works to uncover possible biases within traditional criminological research.
The African-American middle class consists of African-Americans who have middle-class status within the American class structure. It is a societal level within the African-American community that primarily began to develop in the early 1960s, when the ongoing Civil Rights Movement led to the outlawing of de jure racial segregation. The African American middle class exists throughout the United States, particularly in the Northeast and in the South, with the largest contiguous majority black middle-class neighborhoods being in the Washington, DC suburbs in Maryland. The African American middle class is also prevalent in the Atlanta, Charlotte, Houston, Memphis, Dallas, Los Angeles, New Orleans, New York, San Antonio, and Chicago areas.
Abacus Federal Savings Bank is an American bank founded in December 1984 by a group of business leaders from the Chinese American community in New York City.
Desert in philosophy is the condition of being deserving of something, whether good or bad. It is sometimes called moral desert to clarify the intended usage and distinguish it from the dry desert biome. It is a concept often associated with justice and morality: that good deeds should be rewarded and evil deeds punished.
Income inequality has fluctuated considerably in the United States since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a 30-year period of relatively lower inequality between 1950 and 1980.
Social inequality occurs when resources within a society are distributed unevenly, often as a result of inequitable allocation practices that create distinct unequal patterns based on socially defined categories of people. Differences in accessing social goods within society are influenced by factors like power, religion, kinship, prestige, race, ethnicity, gender, age, sexual orientation, intelligence and class. Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity.
The inequality of wealth has substantially increased in the United States in recent decades. Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts.
Lanny Arthur Breuer is an American criminal defense lawyer who currently serves as vice chair of Covington & Burling LLP. From 2009 to 2013, he served as Assistant Attorney General for the Criminal Division of the U.S. Department of Justice under President Barack Obama. From 1997 to 1999, he served as Special Counsel to President Bill Clinton. He is a fellow of the American College of Trial Lawyers.
Thomas M. Shapiro is a professor of Sociology and Public Policy at Brandeis University and is the author of The Hidden Cost of Being African American and the co-author of Black Wealth/White Wealth. Shapiro's current professional titles include the Pokross Professor of Law and Social Policy and the Director of the Institute on Assets and Social Policy. The primary areas of focus for Shapiro's research and publications are racial inequality and public policy.
Income inequality in India refers to the unequal distribution of wealth and income among its citizens. According to the CIA World Factbook, the Gini coefficient of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95th out of 157. Wealth distribution is also uneven, with one report estimating that 54% of the country's wealth is controlled by millionaires, the second highest after Russia, as of November 2016. The richest 1% of Indians own 58% of wealth, while the richest 10% of Indians own 80% of the wealth. This trend has consistently increased, meaning the rich are getting richer much faster than the poor, widening the income gap. Inequality worsened since the establishment of income tax in 1922, overtaking the British Raj's record of the share of the top 1% in national income, which was 20.7% in 1939–40.
In the United States, racial inequality refers to the social inequality and advantages and disparities that affect different races. These can also be seen as a result of historic oppression, inequality of inheritance, or racism and prejudice, especially against minority groups.
Insane Clown President: Dispatches from the 2016 Circus is a non-fiction book by Matt Taibbi about Donald Trump and the 2016 United States presidential election. The book contains illustrations by Rolling Stone artist Victor Juhasz. Taibbi's choice of title for the book was motivated by Trump's marketing style and is wordplay based on the name of American horrorcore band Insane Clown Posse. His work was inspired by Hunter S. Thompson, who had previously published Fear and Loathing on the Campaign Trail '72.
According to data from 2010, low-income earners make up 37.8% of South Korea's labour force. Conversely, the highest income earners make up 1.4% of the labour force.
