The word income disparities means that income is distributed in an way that is not split the way it should be. From the statistics taken from the United States, it is determined that there is a huge gap between the poor and the rich. This should a problem that needs to be addressed as soon as possible. This issue certainly has an effect on the economy of the United States. From the early 1900’s, the gap wasn’t as bad as it is today. The gap is increasing year by year.