Wealth Disparity In America Essay

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Across the world the wealth disparity is rising at an alarming rate, as we can see here in America this money is being consolidated to those called captains of industries, The CEOs and Presidents who make millions a year while paying their employees barely enough to survive on. Additionally both here in America and across the world the rate of illiteracy is rising at a drastic rate. These issues are more related then previously thought, while it has long been proven that earning a higher level of education leads to a higher paying job but it is much more then that. It is no accident that the lower socioeconomic classes have the highest rates of illiteracy. Everyone wants to have the money to afford their dream home, and comfortably provide …show more content…
As pointed out in an article by The Atlantic “The Rich get Richer- And More Educated” written by Gillian B. White states “But the gap between America’s richest and poorest families also has a major impact on the ability to achieve educational goals, which can create long-lasting and detrimental consequences for low-income families.” (2015) The article goes on to examine a study done by, the Pell Institute for the Study of Opportunity in Higher Education and the University of Pennsylvania Alliance for Higher Education and Democracy, that found “that when it comes to completing higher-education degrees, the gap between the rich and the poor has actually grown significantly.” (White ’15) The study found that as of 2013 those lucky to be among those in Americas highest household income bracket were eight times more likely to have a bachelor’s degree then those unlucky to be counted among Americas lowest household incomes. The study points that in 1970 the difference was only five times more likely. The study goes on to prove “The rate of bachelor’s attainment in the most well-off families has grown from about 40 percent in 1970, to just about 77 percent in 2013. In contrast, for students whose families fall in the lowest 25 percent of earners, attainment has barely risen, moving from 6 percent in 1970 to 9 percent in 2013.”(White ’15) Why the disparity? As a society we should be pushing for
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