Wealth Disparity in America

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The article honors the Holy Spirit’s request for an essay showing Wealth Disparity in America, and you ought to interpret the post in a gospel perspective. The reader should  realize charity without justice is imperfect for the Kingdom of God.

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Financial data in perspective

Graph by Lane Kenworthy

The graphs alert us to the U.S. economy’s unequally dramatic growth, which may hinder future economic growth, and economic, social and political stabilities.

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The wealth of the bottom 80% of the population was about 15%.

The wealth of the top 20% of the population was about 85%.

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The wealth of the top 1% of the population was about 34.6%.

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The wealth of the bottom 80% of the population was 12.8%

The wealth of the top 20% of the population was 87.2%

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The wealth of the top 1% of the population was 35.6%.

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The wealth gap widened consistently from 2007 to 2009.

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A month after launching his presidential bid, Bernie Sanders, a 73-year-old Vermont senator, appeared in Madison, WI, on July 1, 2015, before perhaps the largest presidential gathering to that point in all 2016 campaigns, and said:

“The issue of wealth and income inequality is the great moral, economic and political issue.  Something is profoundly wrong, when the top one-tenth of 1 percent owns about the same wealth as the bottom 90 percent.” (edited)

A study for the National Bureau of Economic Research, a nonpartisan organization in Cambridge, MA, using 2012 pertinent data validated Sander’s claim . . .

The top 0.1 percent and the bottom 90 percent of U.S. households own the same share of the nation’s wealth.

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