Friday, January 15, 2016

The Rich Get Richer, Everyone Else Gets Poorer

According to Esquire Magazine,  56 percent of Americans have indicated that they have less than $1,000 in their checking and savings accounts combined, as reported by Forbes. Almost a fourth of Americans (24.8 percent) have less than $100 to their name. Meanwhile, 38 percent said they will not be paying off their full credit card balance this month, and 11 percent said they would make the minimum payment—meaning their debt only increases for years.

As people who support hierarchies continue to work hard to make them stronger, we see bigger discrepancies in wealth. Also, many people vote against their own interests when they are lured into voting that way because of another hierarchical issue, like equality for non-heterosexuals and the rights of women to control their bodies.