Benefits Of A College Student On Financial Aid - 1293 Words

A lot of people grow up with dreams and desires of being wealthy but unfortunately their dreams never manifest. Is it because they do not take the necessary steps to become wealthy? Or, could it be they take the steps but still get blocked because of the wealth gap? The wealth gap can be defined as unequal distribution of financial assets among a population. Or, to provide a better understanding of the wealth gap, think of it as â€Å"the haves† and â€Å"the have nots.† Of course the haves are the wealthy one percent of the population that controls almost 20 percent of the wealth. On the other hand, the have nots are the remaining ninety-nine percent fighting for a piece of the remaining eighty percent of the wealth. Regrettably, many studies†¦show more content†¦The emotional distress comes from the fact that people feel as if they can’t bridge the gap that has been created. How exactly does the wealth gap falsifies the American Dream? President Obama declared in a speech last month to the Center for American Progress. Inequality is dangerous, he argued, not merely because it’s unseemly to have a large gap between the rich and the poor, but because inequality, itself, destroys upward mobility, making it harder for the poor to escape from poverty. â€Å"Increased inequality and decreasing mobility pose a fundamental threat to the American Dream,† he said. (theatlantic.com) Income inequality is the state that America is in today, the wealthy making majority of the money in this country it putting the lower class in a state that they struggle so if they are struggling, then why aren’t they speaking up on this income inequality? The answer would be that they have hope, it’s the American dream and the glory stories that the wealthy people share of them coming from nothing and now being in higher ranks that cause the lower class Americans to feel as though they have a chance at that same wealth. John Oliver believes that the idea that we re a nation of haves and soon-to-haves, as Marco Rubio actually puts it, explains why we perpetuate policies that have led us to near-Great-Depression levels of inequality. The American dream is the idea that everyone in this nation are equal and have