Wealth Gap Analysis

One of the key things I learned about social class is just how wide the “wealth gap” has become between the upper class and middle class in the last 10 years. Upper class individuals are more likely to have larger percentages of their assets invested in the stock market and we have been in a bull market for the last eight years. Middle class individual’s largest asset is generally their home and for a large part of the last eight years the recovery in the housing market has been slow to return to the levels prior to 2008. These factors increased the gap between the wealthy and middle class exponentially and gave more power and influence to a now smaller group of people. Individuals from the upper class most likely live in an area that collects
Wealthier parents can afford to pay for tutoring and their schools are in better districts which can afford better developmental programs. The parents that live in another district may not have that option nor can they afford a tutor for their child. I don’t think I would answer the questions differently in the social class exercise using a female’s perspective or if I wasn’t white because I think that any parent would want these things for their child and would pursue any options within their financial means. I do think that because your education can have a big impact on your job which in turn can determine your income that I would respond differently as a lower or middle class person compared to an upper class person. I think in the bigger picture most of the obstacles for raising a child are influenced by the quality of time you can spend with your child and what you can afford financially to help them grow and experience things outside the core experiences all children live through so your career makes a big difference in your ability to do those things. With any decision in life and certainly with a child having relationships, influence or the finances’ that allow you to create more than one option will always be an extremely