Statement I: The highest income quintile received about half of all income in 2008.
Statement II: Between 1968 and 2008 the percentage of income received by the highest quintile increased by almost 10 percent.

Question

Quizplus · Accepted Answer

Both statements are true. The highest income quintile, or the top 20% of earners, has historically received a disproportionate share of total income, with this share increasing over time. Data from various sources, including the U.S. Census Bureau, confirm that the highest quintile's share of income has grown, supporting the accuracy of both statements.

Statement I: the Highest Income Quintile Received About Half of All