Recent economic data for the United States shows that wealth is much more unequally distributed than income, as shown through Lorenz curves.

Question

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Lorenz curves are graphical representations used to show the distribution of income or wealth within a society. A perfectly equal distribution would be a straight diagonal line from the bottom left to the top right corner. The more the curve bows below this line, the more unequal the distribution. Wealth, which includes assets like property and investments, tends to be more unequally distributed than income, which is the flow of money from work or investments, as wealth can accumulate over generations and is influenced by various factors such as inheritance, tax policies, and access to investment opportunities.

Recent Economic Data for the United States Shows That Wealth