Question

Which quantile (20 percent) of the U.S population has seen the greatest change in income over the last generation?

a. the top quintile
b. the middle quintile
c. the lowest quintile
d. all the above

Answer 1

The top quintile of the U.S. population has seen the greatest change in income over the last generation.

Step-by-step explanation:

The top quintile of the U.S. population has seen the greatest change in income over the last generation. In 2020, this quintile received 52.2% of income, which is the highest share compared to the other quintiles. Additionally, the share of income going to the top quintile has been increasing over time, indicating a growing income inequality.