In the United States, the existing wealth gap between majority and minority communities has become a vital issue of concern taking into account that it has created a platform for unequal distribution of assets among residents in the country. One of the greatest challenges that a significant number of Americans are facing revolves around an apparent lack of even wealth distribution approaches to help minimize the wealth gap. In trying to examine the existing wealth disparity, economic reports indicate that 1% of the wealthiest persons in the United States own approximately 40% of the country's wealth. That serves as a clear indication of the fact that there is a need to come up with a strategic approach that would seek to ensure that wealth is distributed evenly. Additionally, these measures are expected to ensure that wealth distribution is not bound by one’s race or ethnicity, as this only contributes to a high possibility of discrimination.
Annotated Bibliography
Egen, O., Beatty, K., Blackley, D. J., Brown, K., & Wykoff, R. (2017). Health and social conditions of the poorest versus wealthiest counties in the United States. American journal of public health , 107 (1), 130-135.
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In this article, the authors embark on the process of having to compare health and social conditions associated with poorest and wealthiest counties within the context of the United States as a way of determining the existing wealth disparity. The authors embark on the use of the statistics-backed approach in trying to present the evidence that they have gathered concerning the current wealth disparity in the country. When comparing this source to the other sources picked, one of the notable similarities to note is that they all seek to highlight the fact that the United States is facing a key challenge in dealing with the existing wealth disparity. The source answers my research question by seeking to expound on the challenge associated with how the wealth gap is affecting communities living within the United States.
Krivo, L. J., & Kaufman, R. L. (2004). Housing and wealth inequality: Racial-ethnic differences in home equity in the United States. Demography , 41 (3), 585-605.
The authors engage in a study that is focused on expounding on housing and wealth inequalities with the specific focus being on race and ethnic differences noted within the United States. In their bid to describing the disparities pointed out within the United States, the authors draw their focus on home equity data to help in providing an evidence-based understanding of the issue. The source relates to some of the other sources gathered based on its ability to highlight the fact that race and ethnicity remain as critical contributors to the housing and wealth inequality that the United States is facing today. The source answers my research question attributed to the fact that it expounds on the challenges associated with wealth inequality while providing recommendations on how this would be minimized.
Maroto, M. (2016). Growing farther apart: Racial and ethnic inequality in household wealth across the distribution. Sociological Science , 3 , 801-824.
In seeking to understand the issue associated with wealth disparity, the author embarks on a process of having to determine how household wealth distribution is different within the context of the United States. The author takes note of the fact that the two main issues contributing to the unequal distribution of household wealth are racial and ethnic inequalities experienced in the country. The article makes use of numbers and statistics to help in expounding on the issue associated with wealth inequality, which is essential towards ensuring that the material maintains its reliability. The source connects with the other sources gathered attributed to the fact that it can reflect on the issue of uneven wealth distribution from the perspective of race and ethnicity. The source is essential in answering my research question, as it allows for a closer connection towards understanding how race and ethnicity relate to wealth distribution.
Saez, E., & Zucman, G. (2016). Wealth inequality in the United States since 1913: Evidence from capitalized income tax data. The Quarterly Journal of Economics , 131 (2), 519-578.
In this article, the authors examine the issue of wealth inequality from a historical context since 1913 as a way of highlighting that this has been a critical issue of concern for a long time within the United States. Specifically, the authors make use of capitalized income tax data to support their argument on the fact that wealth inequality has existed within the United States for a long time since the early 20 th century. The source can connect with the other sources attributed to the fact that it recognizes the fact that indeed, wealth inequality is a critical social issue that the United States is facing, which must be handled efficiently. The source answers my research question by seeking to describe the fact that wealth inequality has been a critical social issue that has impacted the United States for a long time.
Shapiro, T. M., & Kenty-Drane, J. L. (2005). The racial wealth gap. African Americans in the US economy , 175 , 177.
In this article, the specific focus is on describing the racial wealth gap as a way of trying to understand how race and ethnicity have contributed to a significant difference in wealth distribution, primarily focusing on African and white Americans. The authors can make use of numbers and statistics in their bid to describing how race has contributed to the significant disparity in wealth distribution. Specifically, the authors can make use of wealth data associated with the different communities in seeking to understand how the wealth gap has existed within the United States. The source relates to the other sources considering that it projects a vital issue of concern concerning the issue of racial wealth gap existing within the context of the American social institution. The source answers my research question by expounding on the subject of the wealth gap, primarily focusing on how race and ethnicity have contributed to its occurrence.
Sykes, B. L., & Maroto, M. (2016). A wealth of inequalities: Mass incarceration, employment, and racial disparities in US household wealth, 1996 to 2011. RSF: The Russell Sage Foundation Journal of the Social Sciences , 2 (6), 129-152.
The article reflects on wealth inequalities as they relate to some of the critical social issue occurring within the United States, including mass incarceration, employment, and racial disparities. These issues have created a front through which the majority of the persons from minority communities find themselves experiencing a wide array of challenges in trying to bridge the existing wealth gap in the country. The authors make use of economic data collected between 1996 and 2011 in supporting their arguments concerning the current wealth gap in the country. The source relates to the other sources taking into account that it can provide a clear understanding of the wealth gap as it relates to the United States. The source answers my research question attributed to the fact that it seeks to highlight and discuss some of the critical social factors contributing to the wealth gap in the country.
References
Egen, O., Beatty, K., Blackley, D. J., Brown, K., & Wykoff, R. (2017). Health and social conditions of the poorest versus wealthiest counties in the United States. American journal of public health , 107 (1), 130-135.
Krivo, L. J., & Kaufman, R. L. (2004). Housing and wealth inequality: Racial-ethnic differences in home equity in the United States. Demography , 41 (3), 585-605.
Maroto, M. (2016). Growing farther apart: Racial and ethnic inequality in household wealth across the distribution. Sociological Science , 3 , 801-824.
Saez, E., & Zucman, G. (2016). Wealth inequality in the United States since 1913: Evidence from capitalized income tax data. The Quarterly Journal of Economics , 131 (2), 519-578.
Shapiro, T. M., & Kenty-Drane, J. L. (2005). The racial wealth gap. African Americans in the US economy , 175 , 177.
Sykes, B. L., & Maroto, M. (2016). A wealth of inequalities: Mass incarceration, employment, and racial disparities in US household wealth, 1996 to 2011. RSF: The Russell Sage Foundation Journal of the Social Sciences , 2 (6), 129-152.
