Question

Many people consider the united states to be a middle-class society.explain why people view the united...

Many people consider the united states to be a middle-class society.explain why people view the united states in this way and is this assumption about u.s correct today?

Social-Sciences   Psychology   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Considering the United States to be a middle-class society is a wrong assumption as according to recent researches by (Warren, 2009), one in five Americans is unemployed, underemployed or just plain out of work. One in nine families is not able to make the minimum payment on their credit cards. One in eight mortgages is in foreclosure or default. More than 120,000 families are filing for bankruptcy each month. More than $5 trillion pensions and savings have been wiped out by the economic crisis.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Why people view the United States to be a middle class society?
Why people view the United States to be a middle class society?
In the United States, the ability of the middle class to buy consumer goods has a)...
In the United States, the ability of the middle class to buy consumer goods has a) Virtually eliminated class distinctions. b) Enabled almost anyone to appear to be a member of the upper class. c) Has created a market in extreme luxury goods for the wealthy. d) Has made race virtually irrelevant in the United States. e) Has made the distinction between the middle and lower classes more clear.
In the United States people pay many types of taxes. Income tax is an example of...
In the United States people pay many types of taxes. Income tax is an example of a regressive tax which increases as a person’s income rises. True, the percentage of income paid increases as people earn higher wages. False, income taxes are progressive which is why they increase as income rises. False, as income increases, the proportion of tax falls and the wealthy pay less taxes than the poor. True, regressive taxes are the most common type of taxes in...
What in your view is the most important policy issue facing the United States? Why is...
What in your view is the most important policy issue facing the United States? Why is it important, and which specific problems need to be solved? How would you go about solving these specific problems using the policy process?
USA Today reported that about 20% of all people in the United States are illiterate. Suppose...
USA Today reported that about 20% of all people in the United States are illiterate. Suppose you take nine people at random off a city street. (a) Make a histogram showing the probability distribution of the number of illiterate people out of the nine people in the sample. Maple Generated Plot Maple Generated Plot Maple Generated Plot Maple Generated Plot Correct: Your answer is correct. (b) Find the mean and standard deviation of this probability distribution. (Round your answers to...
About 95 percent of the world's population lives outside the United States, but many U.S. companies,...
About 95 percent of the world's population lives outside the United States, but many U.S. companies, especially small businesses, still do not engage in global trade. Why not? Do you think more small businesses will participate in global trade in the future? Why or why not?
How many more people want to move to the United States than to Canada and Great...
How many more people want to move to the United States than to Canada and Great Britain combined?
2. USA Today reported that about 20% of all people in the United States are illiterate....
2. USA Today reported that about 20% of all people in the United States are illiterate. Suppose you take eight people at random off a city street. a. Find the expected number of people in this sample who are illiterate. people
Since 9/11, the terrorist threats to the United States have clearly evolved. In your view, has...
Since 9/11, the terrorist threats to the United States have clearly evolved. In your view, has the U.S. Government effectively planned for and adapted to these evolving threats?
Regarding Social Stratification in the United States and comparing this to other cultures, what is the...
Regarding Social Stratification in the United States and comparing this to other cultures, what is the difference between a “caste” system and a “class” system of social stratification? Here are the social stratifications in the U.S. class system: Upper Class, Upper Middle Class, Lower Middle Class, Working Class, Working Poor, and Underclass. The homeless make up a social class beneath the social class ladder and are very much a part of our society. Please write a minimum of 10 complete...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT