Question

The wealthiest 20 percent of people in the United States own about how much of the country's private owned wealth?

a. 39 percent
b. 59 percent
c. 89 percent
d. 99 percent

Answer 1

The wealthiest 20 percent of people in the United States own about 89 percent of the country's private owned wealth.

Step-by-step explanation:

The wealthiest 20 percent of people in the United States own about 89 percent of the country's privately owned wealth. This means that just a small portion of the population owns a significant majority of the wealth, leaving only 11 percent for the remaining 80 percent of the population. This information is supported by various sources, including studies by Domhoff, The Federal Reserve, and Beeghley.