Why Economic Inequality is Such a Big Issue in United States ?

The unequal distribution of income, wealth, and opportunity between different groups in society is referred to as economic inequality. It is a problem in practically every country, and many individuals are locked in poverty with few opportunities to rise up the social ladder.
The United States has more income and wealth imbalance than almost any other developed country, and it is growing rapidly.
To make matters worse, social mobility in America is significantly lower than in Canada and Europe.
Since the late 1970s, income inequality in the United States has risen considerably, and the topic has received increased attention in recent years.
Moreover, the global financial crisis of 2008, the long and unequal recovery that followed, and now the economic shock produced by the pandemic, have exacerbated these patterns and posed policymakers with new challenges.
In recent decades, the wealthiest families in the United States have seen higher growth in wealth than other families, a pattern that confirms the growing concentration of financial resources at the top. As a result, the wealth disparity between the wealthiest and poorest families in America has more than doubled.
As the saying goes, the rich get richer and the poor get poorer.

Chapters:
00:00 - Intro
01:34 -What is Economic Inequality?
01:52 - Why should we care?
04:50 - Reasons behind Economic inequality in the US.
06:25 - What can be done to fix it?
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Money Uncharted makes Explainer Documentaries about Money, Finance, Economics, and Business.
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[tunisiakid]

I never thought that america was like This !
U changed my look towards it, Very nice video! keep it up😀

[stopnate]

Great video.U should have like 10k subs.I subscribed as soon as i saw it.