Wealth Distribution in the United States
Question:
In the United States, nearly __________ of the U.S. net worth is held by the top _____.
Options:
a) two-thirds, 10%
b) two-thirds, 5%
c) half, 10%
d) half, 5%
In the United States, nearly __________ of the U.S. net worth is held by the top _____.
Options:
a) two-thirds, 10%
b) two-thirds, 5%
c) half, 10%
d) half, 5%
📘 Detailed Explanation:
To answer this question accurately, we need to consider current data on **wealth distribution in the United States**.
Based on recent economic data and surveys such as the **Federal Reserve’s Survey of Consumer Finances**, the breakdown of net worth ownership is as follows:
🔍 By comparing the answer choices, the only one that fits both components—**“two-thirds” of the wealth and top “10%” of earners**—is:
Based on recent economic data and surveys such as the **Federal Reserve’s Survey of Consumer Finances**, the breakdown of net worth ownership is as follows:
- 🔹 The **top 1%** of Americans control approximately **35–40%** of the total wealth.
- 🔹 The **top 5%** hold about **65%** of the total wealth.
- 🔹 The **top 10%** of Americans own approximately **70%** of the total U.S. net worth.
🔍 By comparing the answer choices, the only one that fits both components—**“two-thirds” of the wealth and top “10%” of earners**—is:
✅ Correct Answer:
two-thirds, 10%
two-thirds, 10%