Essay #1 Source List
Jaden Fabro on 1. Open; A viral Twitter thread is asking what’s considered trashy if you’re poor, but classy if you’re rich — and things like donuts, marrying your cousin, and being bilingual are all making the list by Dominic-Madori Davis
This article talks about a tweet that was made four years ago that had resurfaced and become viral. Davis starts this article by referencing the original tweet and giving a brief on how inequality has become even more prominent since the COVID-19 pandemic. As an example, he references Jeff Bezos making billions while fifty million Americans have filed for unemployment. As this article continues, Davis gives a bold comment, then links a comment that was made to the original tweet. This pattern continues to the end of the article, which finishes in a humorous tone stating that “the most important double standard of them all — wearing leopard print.”
2. Magazine; Shares and Not Share Alike; The stock market is driving the growing wealth gap in America by Anna Bernasek
Anna Bernasek’s magazine article for Newsweek focuses on how the stock market has become increasingly irrelevant to most Americans. Bernasek explains how the average American owning stocks is at an all-time low, that being only fifty-four percent, which included even the smallest shares. She then goes on to say how a large percentage of stocks have been and continue to be owned by the wealthiest one percent of all Americans. Since many average Americans had been losing jobs and watching the value of their homes plummet, they ultimately had to give up their stocks. This makes owning stocks more so a wealthy American’s game, where they have the money to even be able to join at all. Thus, Bernasek states that the relevance of stocks in the news has started to become a minor worry to the average American.
3. Newspaper; The Idle Rich? They Wish by Alex Williams
This newspaper article written by Alex Williams for The New York Times shines a light on the psychology of the super-rich. Through this article, Williams describes how America’s wealthy find an ephemeral meaning in capitalism. By comparing it to alcohol addiction, Williams points out how millionaires strive to earn more and more in order to continue feeling that buzz they had first felt with their first million dollars. Thus, he goes on to explain how they continue to have the drive to earn more money than they need and to always be relevant. Though the super-rich does live a life of luxury, Williams ends this article by focusing on the anxiety and isolation that comes with their wealth.
4. Scholarly; Closing the wealth gap: eliminating structural barriers to building assets in the Latino community by Beatriz Ibarra and Eric Rodriguez
Beatriz Ibarra and Eric Rodriguez’s article provide insight into the many factors that hinder the Latino community from moving up the socioeconomic ladder. Language barriers were one of the main factors that they included. This setback has prevented many people from moving up because of how much harder it is to create and maintain meaningful relationships. Another large focus of this article was the low financial literacy of the Latino community. Ibarra and Rodriguez explain how this community is very ill-informed when it comes to managing financial assets, and so they put an emphasis on providing the Latino community with proper information in this area in order to successfully integrate them into mainstream financial institutions.
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