2006-12-07 16:32:42 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
These are the 2003/2003 Income figueres taken from the Census Bureau itself.
http://www.census.gov/prod/2005pubs/p60-228.pdf
1.MI (Money income excluding realized
capital gains (losses)). . . . . . . . . . . . . . .
2002-2003
3.43-3.37* lowest quintile
8.84-8.83 second quintile
14.87-14.72 third quintile
23.23-23.29 fourth quintile
49.63-49.79 highest quintile
Quintile=20%
in other terms, the top 20% of the population made 49.63% of the income in america in 2002, and 49.79% in 2003.
The lowest quintile of america (the bottom 20%) mde only 3.43% of the money in america in 2002, and 3.37% in 2003.
So the ratio between the highest income and lowest income in america is 14.4:1 (49.63/3.43). Every dollar the bottom quintile makes, the top quintile will make 15.
2006-12-07 21:37:52 · answer #1 · answered by antsam999 4 · 0⤊ 0⤋
ratio is 100:0 All Americans are rich. Even those who dont work get welfare of over 2000 rupees per week. That is the same as the pay of a senior executive in Indian company.
2006-12-08 00:43:39 · answer #2 · answered by Jomtien C 4 · 1⤊ 0⤋
The U.S. Department of the Census keeps a lot of these statistics. You need to decide, though, how you define rich or poor.
2006-12-08 00:39:36 · answer #3 · answered by jseah114 6 · 2⤊ 0⤋
federal income guidelines. They set the provery level by dollar amount and how many live in your home earning an income.
I work at a non profit
2006-12-11 21:00:33 · answer #4 · answered by justme 2 · 0⤊ 0⤋
Go to wikipedia.com and enter "poverty." They have serveral extensive articles on the subject.
2006-12-08 05:24:48 · answer #5 · answered by Big R 6 · 0⤊ 0⤋