Many Americans Unhappy Over Widening Income Disparity

Nearly two thirds of Americans are unhappy over the widening income disparity between the rich and the middle class, a new study reveals.

Nearly two thirds of Americans are unhappy over the widening income disparity between the rich and the middle class, a new study published in the journal Psychological Science reveals.

Researchers led by Shigehiro Oishi from the University of Virginia used data from the General Social Survey conducted between 1972 and 2008 and which included over 48,000 people.

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The researchers found that while the rich were not concerned by the income disparity, those who were from modest to low income families viewed both the economic system as well as fellow Americans to be untrustworthy.

“We originally thought economic factors might explain this all, but they don't. When people see that some people are really in advantageous and favorable conditions while many of us are not, lack of trust toward the system and toward others naturally emerges”, Oishi said.

Source-Medindia

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