Although the U.S. is the largest global economy, accounting for over 26% of the GDP, it faces profound challenges with income distribution. With a national poverty rate of 12.5%, millions of Americans live below the poverty line. While per capita income is high, the wealth gap in the U.S. is stark, as evidenced by approximately 41 million individuals living in poverty. The income inequality in the U.S. exceeds that of several other developed nations, contributing to widespread economic disparities across various cities and communities.
"Despite having the world's largest economy, the U.S. is home to millions of people living below the poverty line, highlighting stark disparities in income and wealth distribution."
"Currently, the U.S. has some of the worst income and wealth inequality among highly developed countries, exacerbating the situation for those living in poverty."
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