L23: Inequality Today

AgendaObjective:1. To understand and

evaluate various forms of economic inequality in America today.

Schedule: 1. Discussion

Homework:1. Study for Test

(Multiple Choice & Discussion). Thursday 4/30!

How much social class inequality do you think there is

in the United States?• Income?

– What do you think the average household income is in the United States?

– Complete the chart:

Median Household Income in Wellesley:

$163,663

Median Household Income in Wellesley:

$163,663

Net worth?

• What do you think the median net worth is in America?

• What do you think the average net worth is for the poorest 10% of Americans?

• Wealthiest 95%?

Average Household Net Worth in Wellesley:

$1.18 million

Average Household Net Worth in Wellesley:

$1.18 million

What percentage of the population do you think has each of these

degrees?

Social Class in America Discussion

• What numbers surprised you today?• Think about where you and your family

fall, did this surprise you?• What do these numbers lead you to

conclude about inequality in America? Is it high, low?

• How do you feel about your perceived level of inequality are you OK with it or not?