Since 1950,the average incomes of every income group increased,but the incomes of the wealthiest Americans (the top 5 percent) increased more sharply than those of any others.This pattern is referred to as

Question

Quizplus · Accepted Answer

The pattern described is commonly referred to as the income gap, which is the difference between the highest and lowest incomes in a given group or society. This gap has widened over time, particularly since the 1950s, with the wealthiest Americans experiencing the largest relative gains. This trend has contributed to concerns about inequality and its negative social and economic effects.

Since 1950,the Average Incomes of Every Income Group Increased,but the Incomes