are there more people becoming poor or more poor becoming riche?

Answer 1

with the way the economy is I would have to say more people becomming poor

Answer 2

Yes and yes. There is always fluctuation. Poorer people become rich, rich people become poor, poor stay poor, rich stay rich--it isn't always a static thing. Additionally, it isn't a "zero-sum game" either, which is to say that when a rich person becomes rich some poor person becomes poorer. Also, there is this enormous body of folks in the middle.

When a rich person builds a mansion, for instance, he shells out cash to concrete pourers, bricklayers, carpenters, painters, carpet layers, electricians, and plumbers. Each of those take that cash for buying their materials and tools and feeding their families, and clothes, and building their own houses. Each of those materials and tools suppliers take their money to pay their materials suppliers and workers, and the whole process spreads out like a ripple from a rock thrown into water. The rich person may have a rich house, but the money for that has dropped the amount he has and enriched those who built it many degrees over. Often though, the rich man got rich by helping other people get what they need--by building other people's houses, or hiring people to make the materials for other people to build houses.

Answer 3

Since people with less money or on the welfare system in the u.s.a. generally have more children than those with more money. It would appear that the poor are becoming a greater part of the population.

Most wealthy people strive for financial freedom and budget children within that plan. They then inturn, teach their children how to do it as well.

I have come to the conclusion, from only what I have witnessed first hand, that the people with very little money are only in their situation due to the fact that they have no clue how to change it. If they would simply find a mentor, they could change what is NOT working for them. They must want to change though and I have witnessed many that just aren't interested in getting out of the hole they have dug for themselves. As long as that makes them happy, that is all we can hope for.

Answer 4

Neither, really. The classes themselves have shifted, as they have done since the inception of buying things on credit.

The classes used to be lower, middle and upper. Over time they added sub classes like upper middle and lower middle. With the Bush administration (starting with his father) that has all begun to change and people are not really getting poorer, the expectation on what poor is exactly has shifted because of the rise in available wealth in new money type business ventures and credit. Poverty is what it has always been and so is wealth. It is the individual that has shifted in their needs and what they are willing to put themselves into hock to own immediately rather than waiting and having cash on hand.

I blame the media! Television is evil and it will be the fall of society as we know it.

Answer 5

The cash figure for rich has fallen to less than a quarter of the value it recently was and giving the apearance of new rich people, but to survive we need 3 or 4 times the ammount we once survived with as the rich have many times that ammount now.

Answer 6

In general, inequality is increasing. One reason is that if the economy is left alone rich people have better access to capital to invest and generate themselves more wealth. In addition, they have access to information to identify financial opportunities. Again, their financial powere means that they are offered better deals in negotiations.

A major exception at present concerns the economic growth of China, which includes after all a substantial proportion of the world's total population. Many, although not all, of the Chinese population are becoming richer as part of China's economic take-off. The same applies to some extent in India, although far more people there are getting left behind.

Answer 7

The numbers in these two groups go up and down from time to time, but in the long run, the numbers remain about the same. I think we are living in a "bubble" of prosperity. It will not always be so good --- good at least for most of us. Likely there will come another "dark age" when learning will decline, health care will not exist, schools will be a memory, and --- horror of horrors ---- people will forget what a computer is! Looking at the whole picture, I believe that in the long run the two groups will remain about the same. I think that it "set up that way" by who? God?

Answer 8

Sadly, more are becoming poor. Even though there are more people that are rich than ever before, there are even more that are becoming poor.

Answer 9

The rich are becoming richer and the poor are becoming poorer.

Answer 10

The poor always get poorer and the rich just get richer and richer and Fatter and fatter and lazier and lazier and greedier and greedier until they croak it and leave it all to an ungrateful offspring who hasn't worked a hard day in their lavish life who then snorts all the interest up their noses...