By 1929,the wealthiest 5 percent of Americans received roughly what percentage of the total annual personal income?

Question

By 1929,the wealthiest 5 percent of Americans received roughly what percentage of the total annual personal income? ​

Quizplus · Accepted Answer

By 1929, the wealthiest 5 percent of Americans received roughly 33 percent of the total annual personal income. This marked a significant increase in income inequality compared to previous years, and was a contributing factor to the economic instability that led to the Great Depression.

By 1929,the Wealthiest 5 Percent of Americans Received Roughly What