The Occupy movement,which began on Wall Street in New York 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 2012 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 288 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) 74% of U.S. wealth growth in recent years has gone to the top 5%.

Question

Quizplus · Accepted Answer

This statement is not correct. In reality, the bottom 90% of income-earning households hold only 23% of the nation's wealth, according to a report by the Federal Reserve.

The Occupy Movement,which Began on Wall Street in New York