1. Income and Inequality
... the top 1% have a mean household income of $1,318,200 while the 40th-60th percentile only have a household mean of around $41,700 (W. Domhoff 2014). To put it in terms of net worth the top 1% own about 35% of all wealth, then the next 4% owns around 28% the next 5 and 10% own 14 and 12% of our countries ... net worth. Finally the bottom 80% own only 11% of our societies net worth (W. Domhoff 2013). With this huge of a gap it comes as a surprise that only a small portion of American adults are actually aware of how large ... ...
- Word Count: 1441
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate