Describe how a country can measure its income inequality. Evaluate the trend in the measure of income inequality for the United States from 1940–to 2020.

Income and wealth inequality

Read the instructions and expectations thoroughly. This is the final paper, and ensure you use Grammarly to check your grammar, punctuation, and spelling. Please do not use repetitive words or phrases. I have included a link from the professor to help assist in the writing of this paper.

You could compare the situation of the U.S. society with other developed countries by referring to the OECD data.
https://data.oecd.org/inequality/poverty-gap.htm#indicator-char

Before beginning work on the final paper, read Menasce Horowitz, Igielnik, and Kochhar’s 1: Trends in Income and Wealth Inequality and Strauss’s article The Connection Between Education, Income Inequality, and Unemployment . In your final paper, you should address the following based on the information presented in the article and other research:

Describe how a country can measure its income inequality.
Evaluate the trend in the measure of income inequality for the United States from 1940–to 2020.
Evaluate the roles of globalization and advances in technology as causes of widening income inequality in the United States.
Compare wealth inequality to income inequality.
Explain trends in wealth inequality in the United States from 1940–to 2020.
Evaluate two causes of wealth inequality in the United States.
Evaluate the role of healthcare inequality related to income and wealth inequality.
Estimate the wealth gap between those who have access to private insurance and those who do not.
Evaluate whether increasing access to affordable or free healthcare can reduce income or wealth inequality.
Make one recommendation on reducing income or wealth inequality if you were a federal policymaker.
For the final paper in week 5, I linked a data source.