Unequal distribution of financial resources

Unequal distribution of financial resources

1. Three Quantitative Examples of Specific Problems
a. Statistics reveal a shocking fact that approximately a large portion of families in the poor countries spends 80% of their income on their food due to the unequal distribution of wealth (Humanium, 2016).
b. United States despite of its modest social benefits and plans reports high wealth inequality. CEOs in United States are paid more than 350 times that of the average worker making richer get richer and poorer more poor. The high-income earners have experienced 281 percent increase i.e. $973,000 per household while low-income earner have seen incomes increase of 16 percent only i.e. $2,400 per household (Saul Friedman, 2011).
c. Burundi holds the first place among the global hungriest countries where the rate of starvation is high. 73.4% of the population is believed to be undernourished. Over 50% of the total 9.85 million population lives below the poverty line (Guy-Allen, 2014).

2. Three Quantitative Examples of Major Outcomes
a. Nigeria is recognized as one of the top economies of world with great economic growth including $80 million oil reserves. Despite, due to unequal distribution of wealth country has shown greater increase in poverty rate from 55% to 61% in 2014 (Oyefeso, 2015).
b. Under nutrition of the children less than five years old is the biggest outcome of unequal distribution. In the aggregate 3·1 million child deaths are reported annually across the globe due to fetal growth restriction, stunting, wasting, and deficiencies of vitamin A and zinc along with suboptimum breastfeeding (Black, et al., 2013).
c. Inequality of income in United States has boosted health care costs of the nation severely which were $75 billion in 1970, $2.6 trillion in 2010, and are expected to reach $4.8 trillion in 2021. Obesity and unhealthy life style of upper and middle class causes increase of $147 billion annually (Birdsong, 2015).
 
References
Birdsong, N. (2015, February 5). The Consequences of Economic Inequality. Retrieved August 8, 2016, from Seven Pillars Institute.
Black, R. E., Victora, C. G., Walker, S. P., Bhutta, Z. A., Christian, P., Onis, M. d., et al. (2013). The Maternal and Child Nutrition Study Group. 2013. Maternal and child undernutrition and overweight in low-income and middle-income countries. Lancet Volume 382, No. 9890 , 427-451.
Guy-Allen, C. (2014, March 10). The world’s 10 hungriest countries. Global Citizen .
Humanium. (2016). Food crisis. Humanium .
Oyefeso, S. (2015, August 25). Wealth Inequality In Nigeria. THe Market Mogul .
Saul Friedman. (2011, May 25). Consequences of Unequal Distribution of Wealth: The Rich Get Richer… The Huffington Post .