upworthy

equity

A woman with hundred dollar bills.

The United States has more money held by private citizens than any other country in the world. According to the Federal Reserve, U.S. households hold a total of $160.35 trillion, which is the value of each person’s assets minus their liabilities. However, many Americans are perplexed by the fact that, in a country with such wealth, so many people still struggle to make ends meet.

Although Americans hold the largest amount of privately held wealth in the world, many of us still struggle with financial stress. A recent report found that 68% don’t have enough money to retire, 56% are struggling to keep up with the cost of living, and 45% are worried about their debt levels. A significant reason is that a small number of people hold a large portion of the privately held wealth in the U.S..

Nearly two-thirds of America’s private wealth is held by the top 10% of people, leaving the remaining one-third to be divided among 90% of the population.

elon musk, richest americans, elon musk black hat, elon musk sunglasses, doge Elon Musk at CPAC.via Gage Skidmore/Wikimedia Commons

What if America divided its privately held money evenly?

With so many people struggling in America, while a few at the top are unbelievably wealthy, what would happen if the money were magically divided evenly among the 340 million people who live in the United States? If everyone received a truly equal share of the American pie, every person would receive approximately $471,465. That’s $942,930 per couple and $1.89 million for those with two kids.

With that chunk of change, the couple could easily pay off the average U.S. mortgage and have plenty of resources to save for a good retirement and send both kids to a decent college or trade school. The billionaire who once had more assets than they knew what to do with would probably have to move into a middle-class neighborhood.

couple with money, middle class money, cash money, couple on couch, man and woman A couple with cash sitting on a couch.via Canva/Photos

However, such a drastic redistribution of wealth would be cataclysmic for the economy, as people would have to liquidate their investments to give their assets to others. The sudden increase in wealth for many, without a corresponding increase in goods and services, would lead to incredibly high inflation. The dramatic reconfiguring of the economy would also disincentivize some from working and others from innovating. Some posit that if everyone were equal, in just a few months, those with wealth-generating skills would immediately begin rising to the top again, while others would fall behind.

What programs reduce poverty?

Although it seems that a massive redistribution of wealth isn’t in the cards for many reasons, we do have some evidence from recent history on how programs that give people money can help lift them out of poverty. Government stimulus programs during the COVID-19 pandemic brought the U.S. poverty level to a record low of 7.8% in 2021. Child poverty was also helped by the American Rescue Plan’s Child Tax credit expansion, which drove child poverty to an all-time low of 5.2%. It’s also worth noting that the trillions in government stimulus had a downside, as it was partially responsible for a historic rise in inflation.

While for many, the notion that there are billionaires while others can hardly get by feels obscene, redistributing America’s wealth is more of a thought experiment than something that would realistically happen. But it highlights an important truth: massive wealth inequality exists in the world’s wealthiest nation. While perfect equality will never exist, that shouldn't stop us from making targeted efforts to reduce poverty that make a meaningful difference in people’s lives.

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This article was produced in partnership with the United Nations to launch the biggest-ever global conversation on the role of cooperation in building the future we want. Share your voice by taking the 1-minute UN75 survey.

Technology can be—and has been—used in ways that both help and harm humanity. On the up side, advancements in digital technologies have been a huge factor in making progress on world-changing initiatives like the United Nations 17 Sustainable Development Goals. On the downside, the misuse of technology can threaten privacy, erode individual and collective security, and fuel inequalities.

How can we harness and develop digital tools that can help us create a more sustainable and equitable world? How do we weigh the risks and opportunities of technological revolutions in global health, social media, work, and data? How can we manage technology in ways that bridge the gap between the future we want and where we are currently headed?

As part of the UN's 75th anniversary, we asked individuals and organizations to join us in a Leap Day #UpChat on Twitter to discuss these questions and how we can make leaps in technology work for us all. Here are some highlights from the enlightening, informative, and inspiring discussion.

Q1: Technology can be a great equalizer. How has it been used to improve humanity?






Q2. Which organizations or individuals are using technology for good?




Q3. How has your organization used technology to drive success towards the SDGs?





Q4: In a world of fake news, data security issues, and the darker side of social media (read: trolls), how do you stay motivated?






Q5: Misinformation is more prevalent than ever. What are your recommendations on how to address the issue?




Q6: Throughout history, technological revolutions have changed the labor force. How will it impact the future of work in the next decade?






Q7: What responsibilities do businesses and governments have as they increasingly have more access to our personal data?


Q8. What does a digital future for all look like?






Q9. How have you seen youth influence the way we use digital technology?



Q10: With the future of technology in mind, do you think that people in 2045 will be better off, worse off, or the same as you are today?



If you'd like to join our next UpChat or see previous chats on global issues, follow us on Twitter and check out @JoinUN75. You can also let your voice be heard with the UN's public survey here.

Twitter / The Hollywood Reporter

Actress Michelle Williams earned a standing ovation for her acceptance speech at the 2019 Emmy Awards, both in the Microsoft Theater in L.A. and among viewers online.

As she accepted her first Emmy award for Lead Actress in a Limited Series/Movie for her role in FX's "Fosse/Verdon," she praised the studios who produced the show for supporting her in everything she needed for the role—including making sure she was paid equitably.


"I see this as an acknowledgment of what is possible when a woman is trusted to discern her own needs, feel safe enough to voice them, and respected enough that they'll be heard," she said.

She explained how being provided what she needed in order to do her job empowered her to do it well. "When I asked for more dance classes, I heard 'yes,'" she said. "More voice lessons, 'yes.' A different wig, a pair of fake teeth not made out of rubber, 'yes.'"

"All of these things, they require effort and they cost more money," she said. "But my bosses never presumed to know better than I did about what I needed in order to do my job and honor Gwen Verdon."

RELATED: Why Amy Adams' silence on equal pay in Hollywood speaks volumes for workers' rights

They also supported her with equal pay, she said, a shout out that prompted nods and cheers from her fellow actors and actresses.

"And so I want to say, thank you so much to FX and to Fox 21 studios for supporting me completely and for paying me equally because they understood that when you put value into a person, it empowers that person to get in touch with their own inherent value. And then where do they put that value? They put it into their work. And so the next time a woman, and especially a woman of color—because she stands to make 52 cents on the dollar compared to her white, male counterpart—tells you what she needs in order to do her job, listen to her. Believe her. Because one day she might stand in front of you and say thank you for allowing her to succeed because of her workplace environment and not in spite of it."

The gender pay gap in Hollywood has been well-documented. A 2016 Forbes article broke it down in detail, sharing how female stars are consistently paid less than male stars.

"The earnings disparity is even worse for women of color," the article states. "While, on average, women in this country make an average of 78% of their male counterparts, African American and Native American women make 64 cents and 59 cents, respectively, for every dollar made by white men, and Hispanic women earn just 56 cents to a white man's dollar."

RELATED: When she learned about the wage gap, she didn't whine. She did something about it.

Statistics are naturally varied, as studies vary in how they determine pay equity. Some studies show a smaller gap, while others show larger ones. But one thing is clear: It doesn't seem to be getting better. For example, a 2018 study showed that women across the board earn 49 cents for every dollar men earn. A more recent Forbes article states that the top 10 highest paid actresses made just 30 cents on the dollar compared to the top 10 highest paid actors.

It's easy to point to the high salaries of famous people and ask why they would ever complain. But inequity is inequity, regardless of industry. Good for Michelle Williams for celebrating her positive experience with this show and imploring other studios to follow that example.

Watch her speech here:

When asked about her plans to seek pay equity for women and combat domestic violence against them, in a debate in Portland on Sept. 30, Oregon Governor Kate Brown defended her record, revealing a painful, personal detail in the process:

"I know what it feels like to be a victim of domestic violence," Brown said. "I know what it feels like to represent clients that can't get restraining orders on abusive partners. That's why I spent a number of years in the Oregon legislature strengthening Oregon's domestic violence and sexual assault laws, including increasing penalties for domestic violence when a child was present."

Governor Kate Brown holds a press conference after the shooting at Umpqua Community College in Roseburg, Oregon. Photo by Scott Olson/Getty Images.


According to a KGW News, Portland, report, it was the first time the governor had publicly discussed her history of abuse at the hands of a former partner — which the governor's office clarified was not her current husband.

Brown's opponent, physician Bud Pierce, issued a baffling response during the debate, ignoring Brown's disclosure while claiming that educated, employed women don't have to worry about violence at the hands of a significant other.

"A woman that has great education and training and a great job is not susceptible to this kind of abuse by men, women or anyone. Powerful women have access to lawyers and courts and go at it," Pierce said.

Domestic violence, he argued, could only be reduced by improving economic conditions for poor women.

His answer drew a chorus of boos from the crowd and Brown, stunned and clearly emotional, reaffirmed her commitment to pay equity.

Pierce, to his credit, apologized after the debate.

"As a physician who began medical school almost 40 years ago, and has seen many patients including women of domestic violence, I know that any women, regardless of economic status, can be subject to domestic violence and sexual abuse," he wrote in a statement. "Sexual and physical abuse is morally wrong, is against the law, and must be opposed with all efforts."

There's no type of person who isn't vulnerable to domestic violence.

Partner and familial abuse is indifferent to color and class, and no one, rich, poor, white, black, Latino, Asian, Native American, female, or male, is immune. According to the National Coalition Against Domestic Violence, nearly 1 in 3 women and 1 in 4 men will experience some form of violent partner abuse in their lifetime. Poor women do face specific challenges — lack of paid sick days to seek treatment, spotty access to medical and child care, and limited funds to put distance between themselves and their abusers — but it's not just poor women who feel compelled to remain in an abusive relationship for economic reasons.

According to a 2013 Daily Beast report, domestic violence victims who are upper-middle-class or wealthy frequently face economic and legal abuse, as well as threats of financial ruin from their abusers, who frequently are similarly advantaged. Indeed, the list of rich and famous women who have reportedly been victimized — Nicole Brown Simpson, Rihanna, Whitney Houston, Madonna, Halle Berry — is long and continues to grow.

Singer Rihanna was assaulted by boyfriend Chris Brown in 2009. Photo by Stephen Lovekin/Getty Images.

Implying that being educated and having means is all it takes to "escape" an abusive relationship reinforces the notion that, for the women who cannot escape, continuing to subject themselves to abuse must be their fault. Meanwhile, countless anonymous women and men — poor, middle class, and wealthy — suffer in silence.

Solving this problem requires more than an either/or approach.

Improving economic conditions for poor women — and expanding access to shelters, counseling, and family services — is a necessary component. So too is acknowledging that domestic violence can happen to anyone, anywhere, anytime.

Helping victims overcome the notion that abuse "shouldn't, couldn't happen to me" empowers them to take most important step — seeking a way out.

Photo by Scott Olson/Getty Images.

No single solution will end domestic violence permanently and for everyone. But by opening up about her past, Governor Brown took an early step, sending a critical message to victims from all walks of life — rich or poor, white or non-white, female or male:

You're not alone, and it's not your fault.