Question

In the United States (at all levels of education), what is the trend in the level of income young adults are earning?

a. The same for the past two decades
b. Slowly rising level of income
c. Declining level of income
d. Dramatically rising level of income

Answer 1

The level of income for young adults in the US has been declining over the past few decades, despite a recovery in employment rates post-2009.

Step-by-step explanation:

In the United States, the trend in the level of income young adults are earning has not been consistent. While employment rates increased after 2009, reaching levels similar to those before the Great Recession, income for most segments has not shown the same recovery. Since the 1970s, middle-class size, income, and wealth have been declining, with this trend possibly accelerated by the recession. The economy has shown a level of meritocracy, as evidenced by the fact that highly skilled jobs tend to pay better than low-skill jobs. However, wealth distribution remains inequitable with corporate profits and CEO pay rising dramatically more than average incomes, which suggest that the level of income for young adults has, on average, been declining over the past few decades.