Which of the following statements regarding the 1 percent is true?
A) Although economic inequality has been rising globally, the concentration of income and wealth in the U.S. has been more evenly divided.
B) The concentration of wealth in the hands of the 1 percent can be damaging to the economy if their money isn't used in ways that benefit regular workers and their families.
C) The vast majority of individuals with high incomes in the top 1 percent are Asian men.
D) The bottom 50 percent of all earners pull in over 33 percent of all income.

Question

Quizplus · Accepted Answer

The concentration of wealth among the 1 percent can indeed be harmful to the economy if it is not utilized in a manner that benefits the broader population, including regular workers and their families. This can lead to reduced economic mobility and increased inequality.

Which of the Following Statements Regarding the 1 Percent Is