Seeking Justice For Income And Wealth Inequality
Part of our responsibility as Christians is to work for justice in our society, especially to help the poor. Over the past few years the gap between the rich and the poor in America has been widening. Here are some statistics from Business Insider: ” The average American millennial household today (ages 20 to 35 in 2016) has an average net worth of $100,800, while the average American baby boomer household today (ages 52 to 70 in 2016) has a net worth of $1.2 million, reported Mallika Mitra for CNBC, citing a MagnifyMoney analysis of Federal Reserve data on household assets and liabilities (all values are adjusted for inflation). That means that baby boomer households in 2016 had twelve times the net worth of millennial households. ” In 1998, the average household aged 20 to 35 had a net worth of $103,400, while households aged 52 to 70 had a net worth of Continue Reading →