Question

"We are the 99%" was a slogan during the Occupy Wall Street movement in 2011. The other 1% refers to the top income earners in the U.S. The population in the U.S. is projected to be 400,000,000 in 2040. About how many people would fall into the top 1% in 2040?

Answer 1

To find out how many people would be in the top 1% in the U.S. in 2040 if the population is projected to be 400,000,000, calculate 1% of that population, which results in 4,000,000 people in the top 1%.

Step-by-step explanation:

The slogan "We are the 99%" refers to the vast majority of people differentiated from the top income earners, designated as the 1%, during the Occupy Wall Street movement. If the U.S. population is projected to be 400,000,000 in 2040, calculating the number of people in the top 1% involves a basic percentage calculation.

To determine this, we take 1% of the total projected population:

1. Convert the percentage to a decimal: 1% = 0.01.
2. Multiply the decimal by the total population: 0.01 × 400,000,000.
3. Calculate the number: 0.01 × 400,000,000 = 4,000,000.

Therefore, about 4,000,000 population