How is income and wealth are distributed in the United States?? Well there are some statistics but I don't know if they answer my question. Here are the statistics I am working with:
-In 2000, the top 1% had 20% of all the income in the U.S., the next 19% had 38.7%, and the bottom 80% 41.4% of the income.
-In 1998, the bottom 99% held 61.9% of wealth in the U.S. while top 1% held 38.1%
Can you please help me I'm really confused. Does this mean that the wealth and income is more heavily distributed among the rich than the medium and lower classes or does it mean that the distribution is even among all classes? Please help I will greatly appreciate it!! Thank you!!
2007-02-27 07:54:11 · 1 answers · asked by Anonymous in Social Science ➔ Economics
It means the rich still possess most of the wealth, but it is getting better. The 1% have a bit less in 2000 than they did in 1998.
But it is by no means evenly distributed.
2007-02-27 08:04:44 · answer #1 · answered by theeconomicsguy 5 · 0⤊ 0⤋