The Occupy movement, which began on Wall Street and spread to other U.S. and Canadian cities, recognizes the disparity between the rich and the poor. Which of the following statements about U.S. wealth as of the year 2009 is NOT correct?
A) The top 1% of American households hold over one-third the nation's wealth.
B) The net worth of the top 1% is 225 times greater than the typical household's net worth.
C) The net worth of the top 1% compared to the typical household is the highest ratio on record.
D) The bottom 90% of income-earning households control half of all net worth.
E) The top 1% owns more than the bottom 90% combined.

Question

Quizplus · Accepted Answer

According to a study by the Economic Policy Institute, as of 2009, the bottom 90% of income-earning households held only 23% of the nation's wealth, not half. Therefore, statement D is not correct. The other statements are all accurate.

The Occupy Movement, Which Began on Wall Street and Spread