The gap between the rich and the poor is smaller today than it was in the middle of the twentieth century.

Question

Quizplus · Accepted Answer

According to various studies and reports, the gap between the rich and the poor has significantly widened since the middle of the twentieth century. In the United States, for example, the top 1% of households now hold more wealth than the bottom 90% combined, whereas in the 1960s, the top 1% held about 33% of the country's wealth. Similarly, global inequality has also increased, with the richest 1% of the world's population owning more wealth than the rest of the world combined. Therefore, the statement is false.

The Gap Between the Rich and the Poor Is Smaller