Wealth and income in the United States are distributed

Question

Quizplus · Accepted Answer

Wealth and income in the United States are distributed in a highly unequal fashion. According to a report by the Institute for Policy Studies, in 2020, the top 1% of households owned more wealth than the bottom 50% combined. Additionally, racial and ethnic minorities tend to have less wealth and income than white households, indicating significant disparities in economic opportunity and mobility. This uneven distribution of wealth and income has profound implications for political and social equality in the United States.

Wealth and Income in the United States Are Distributed