Which of the following is true of wealth concentration in the U.S during 1989 to 2007?

Question

Quizplus · Accepted Answer

The statement "Wealth rose 60% for the median household, but the mean rose 86%" is true, according to the information given in the question. The median refers to the middle household in terms of wealth, while the mean is the average household wealth. The fact that the median rose by a smaller percentage than the mean suggests that wealth became more concentrated at the top, with a small number of households experiencing significant gains in wealth while most households saw more modest increases or even decreases in wealth.

Which of the Following Is True of Wealth Concentration in the U.S