karina's post # 4

There are quite a few ways in which economic inequality affects Americans or different class backgrounds. "The fact is that vast incomes inequality inevitably brings vast social inequality in its train. And this social inequality isn't just a matter of envy and insults. It has real, negative consequences for the way people live in this country." ( Confronting inequality, Paul Krugman, p.324)

According to Krugman on page 325, millions of middle class families buy houses that they cannot really afford, taking on more mortgage debt than they can safely handle, because they are desperate to send their children to a good school. I feel that economic inequality does not only affect Americans in the fact that many wealthy people insult or put down the poor, but another problem they face is that they sometimes become homeless, sick, and hungry.