Tuesday, November 29, 2011

Income inequality in the United States

In the article, "The forgotten American homeless," the author mentions that America is very rich by the global standard. However, the income inequality gap keep raising. The unemployed citizens in the United States are facing problems. According to the data the article provides, "49,117 school-aged children were identified as homeless in the 2009-2010 school year in the state of Florida; this indicates a 19% increase from 2008-2009." Although the United States as a whole is growing, the poor in the United States has become even worse. This remind me about the topic we discussed in very beginning of the quarter. Divergence means that rich is getting richer and poor is getting even poor. Although the U.S. as a whole experienced reversal of fortune in the early century, the internal of the U.S. economic is experienced a divergence situation. For further information: http://blogs.reuters.com/muniland/2011/11/28/the-forgotten-american-homeless/

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