Distribution of Wealth in the United States of America... 

http://thefilmarchive.org/ DVD: http://www.amazon.com/gp/product/B001ENCABY/r
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B001ENCABY Books on the topic: Wealth and Power in America: http://www.amazon.com/gp/product/0313231826/r
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http://thefilmarchive.org/ DVD: http://www.amazon.com/gp/produ
ct/B001ENCABY/ref=as_li_tf_tl?ie=UTF8&tag=doc
06-20&linkCode=as2&camp=217145&creative=39937
3&creativeASIN=B001ENCABY Books on the topic: Wealth and Power in America: http://www.amazon.com/gp/produ
ct/0313231826/ref=as_li_tf_tl?ie=UTF8&tag=doc
06-20&linkCode=as2&camp=217145&creative=39937
3&creativeASIN=0313231826 Top Heavy: http://www.amazon.com/gp/produ
ct/1565846656/ref=as_li_tf_tl?ie=UTF8&tag=doc
06-20&linkCode=as2&camp=217145&creative=39937
3&creativeASIN=1565846656 Wealth in America: http://www.amazon.com/gp/produ
ct/0521627516/ref=as_li_tf_tl?ie=UTF8&tag=doc
06-20&linkCode=as2&camp=217145&creative=39937
3&creativeASIN=0521627516 Back to Shared Prosperity: http://www.amazon.com/gp/produ
ct/0765604256/ref=as_li_tf_tl?ie=UTF8&tag=doc
06-20&linkCode=as2&camp=217145&creative=39937
3&creativeASIN=0765604256 Wealth inequality in the United States refers to the unequal distribution of financial assets among residents of the United States. Wealth includes the values of homes, automobiles, businesses, savings, and investments. Those who acquire a great deal of financial wealth do so primarily through the appreciation of fiscal portfolios. For this reason, financial wealth involves only stocks and mutual funds, and other investments and is subject to much greater inequality than net worth alone. Various sociological statistics suggest the severity of wealth inequality "with the top 10% possessing 80% of all financial assets [and] the bottom 90% holding only 20% of all financial wealth." For tables of the relative wealth of the top 1%, 10%, 40%, and 90% of Americans, see the tables provided by G. William Domhoff in his book Who Rules America? (http://www.amazon.com/gp/produ
ct/0078111560/ref=as_li_tf_tl?ie=UTF8&tag=doc
06-20&linkCode=as2&camp=217145&creative=39937
7&creativeASIN=0078111560) Net worth is defined as the difference between total assets (includes both tangible assets such as homes and vehicles and intangible such as stocks and checking accounts) and total liabilities (debt, loans, etc.) Dennis Gilbert asserts that the standard of living of the working and middle classes is dependent upon income and wages, while the rich tend to rely on wealth, distinguishing them from the vast majority of Americans. Melvin L. Oliver and Thomas M. Shapiro propose that wealth signifies the opportunity to "make it" in life; wealth is not used for daily expenditures or factored into a budget but when coupled with income it comprises the family's total opportunity "to secure a desired stature and standard of living, or pass their class status along to one's children." Moreover, "wealth provides for both short- and long-term financial security, bestows social prestige, and contributes to political power, and can be used to produce more wealth." Hence, wealth possesses a psychological element that awards people the feeling of agency, or the ability to act. The accumulation of wealth grants more options and eliminates restrictions about how one can live life. http://en.wikipedia.org/wiki/W
ealth_distribution_in_the_united_states Less

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Added Sep 9, 2011  

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