U.S. Distribution of Income: In Essay

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This is mainly through lessening the marginal propensity to consume and through magnifying the political polarization that has already resulted in poor economic policing within the country.

Shifting Liabilities:

The other consequence of increase inequality in the distribution of income in the country is that the government's response to the financial crisis worsens the situation through shifting liabilities from private banks to taxpayers (Lynch par, 45). The shift in liabilities in turn contributes to the increase in the total domestic non-financial sector debt, which leaves the economy to increased vulnerability to future shocks. The probability of future financial crises is worsened by the fact that income inequality may contribute to recurring crises as leverage is yet to improve significantly.

Reduces Life Expectancy:

The third consequence of the increase in income inequality in the United States is that the country can no longer boast of longest life expectancy like other countries in the world.

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This is because this trend contributes to disparities in wealth, health, and education that affect all members of the society (Gudrais par, 5). The disparities in health are evident in the fact that the poor continue to become sick and die sooner as compared to rich people.

According to the findings of research, income inequality rings across societal levels and causes poor mental and physical health, less racial harmony, and less participation in political and civic issues.

Conclusion:

Since early 1970s, there have been increased inequalities in the distribution of income across the country as the rich continue to become wealthier and the poor poorer. The increased inequality is generally caused by various factors that are attributed to economic globalization. This is turn contributes to significant consequences on the country's economic growth.

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