How much do you need to earn to realize the American dream
To achieve the American dream, one must be indecently rich. This is confirmed by the results of a new poll, which revealed that almost three quarters of 1% of the richest Americans believe that they were able to realize the American dream, writes CBS News.
According to survey conducted The Tan Chan Harvard School of Public Health, the Robert Wood Johnson Foundation, and the National Community, 1% of those who earn at least $ 500 a year live “completely differently” than middle- and low-income Americans.
According to the US Census, the gap between the highest incomes in the country and all the rest is now the highest big over the past 50 years. The growth of income among families with higher earnings over decades significantly outstripped the growth of income of families with lower incomes. Thus, the population is conditionally divided into two classes: the highest (1%) and the lowest (99%). Moreover, the latter often have difficulty paying basic services such as health and nutrition.
“Many of those with a medium or low income say that they have recently had serious problems paying for prescription drugs. Therefore, they were forced to buy an analogue cheaper or reduce the dosage, ”the study notes.
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In addition, almost 3 out of 10 low-income Americans and 1 out of 10 middle-aged respondents said that they have been short of food in recent years. (Low income is defined as a salary of less than $ 35 a year, while middle-income respondents earn between $ 000 and $ 35 a year.) Low- and middle-income respondents are more likely to complain that they find it difficult to pay for housing. than the wealthier Americans.
$ 1000 emergency
The study also sheds light on the financial instability experienced by millions of American families. About 67% of low-income Americans said it would be difficult for them to pay emergency expenses of $ 1000. A third of the average population emphasizes that it will be difficult to pay bills. While about 12% of those in the higher-income group suggest that they will run into problems.
It is not surprising that wealthy Americans are more satisfied with their lives than those whose incomes are much lower. Nine out of 10 people, belonging to 1%, claim to be satisfied with their life. And for low-income respondents, this ratio decreases to about 4 out of 10.
Almost half of the respondents in each group confirm that it is more difficult for an average person to earn money today than during their childhood. However, respondents from all groups agreed that the path to success is through hard work. And this factor in each group is rated higher than the others, say, higher education or "getting to know the right people."
According to survey published by the Pew Research Center, most Americans say that today there is too much income inequality. But it is not clear from the survey whether there is political will to solve this problem. At the same time, less than half of the respondents believe that financial inequality should be the main priority of the federal government. Instead, as Pugh found out during the survey, climate change issues and affordable health care are now considered more pressing.
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