SOC 22000 Lecture Notes - Lecture 8: Social Inequality

• School: Purdue University
• Department: Sociology
• Course: SOC 22000
• Professor: Hillis, Rolden

Document Summary

A growing body of research continues to show that the us has a substantial amount of inequality in terms of how income and especially wealth is distributed across the american population. People with high income student to have more wealth and the wealthy tend to have higher incomes but this correlation is less- than-perfect. For and since there are lots of americans with impressive incomes that have very little neck wealth. A top 20% in household earned about dollars for every dollar of income by one in the bottom 20% But for consumption the ratio is only about 3. 85 to 1 dollar. But even this latter figure overstates the amount of inequality of consumption because there are more people per household in the top 20% compared to the bottom 20%. So consumption per person in the top 20% is only 2. 11 times in the bottom 20%