Which of the following is a reason for the decrease in household income and wealth inequalities in the U.S during 1960-1980?

Question

Quizplus · Accepted Answer

The increase in participation of women in the labor force during the 1960-1980 period likely contributed to a decrease in household income and wealth inequalities. This is because it increased the number of earners in households, leading to more equal distribution of income among households. Options A and B are not correct as there is no evidence to support these factors leading to a decrease in household income and wealth inequalities during the 1960-1980 period. Option D is also not correct, as an increase in the household saving rate by low-income households does not necessarily lead to a decrease in income and wealth inequalities.

Which of the Following Is a Reason for the Decrease