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Many Americans believe that we live in a society that allows everyone the same opportunity for success. This however, is not the case. According to the article and many studies, this opportunity is decreasing and if nothing is done, the very ideals on which our country stands could no longer exist. Income inequality is growing and there are less chances for social advancement, especially for those who are in the lower classes. The United States is running the risk of turning into class-bases society, similar to those seen in Europe.
The Economic Policy Institute argues that between 1979 and 2000 the real income of households in the bottom 20% of earners grew by 6.4%, while the households in the top 20% grew by 70%. An even more amazing statistic is the income of the top 1% grew by 184% and the top 0.1% grew faster. In 2001, the top households earned 20% of all income and held 33.4% or all net worth. These numbers have not been seen since the pre-Depression days. By looking at the......

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Approximate Word Count: 601
Approximate Pages: 3 (250 words per double-spaced page)

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