Distribution
In 2015, the wealthiest 20 percent of Americans owned what percent of the nation's wealth?
88%
what are some positives of income inequality
it encourages people to work harder for their success
If a higher minimum wage is introduced, what happens to unemployment?
Unemployment rates go up
Explain marginal tax rate.
The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. The average tax rate is the total tax paid divided by total income earned. A 10 percent marginal tax rate means that 10 cents of every next dollar earned would be taken as tax.
what percent of US wealth do respondents presume is held by the wealthiest 20 percent?
45%
In 2015 who had the highest minimum wage in US dollars
Australia
what are two possible negative effects of an increase in the minimum wage?
Businesses want higher skilled workers
Profits decrees for businesses
The stresses associated with what contribute to substance abuse, domestic violence, child abuse and neglect, divorce, and questionable parenting practices.
What is low income?
what percent of US wealth do respondents believe should be held by the wealthiest 20 percent?
25%
what are the chances of a child born in poverty to get out of poverty?
20%
If higher minimum wage is introduced, what will happen to the quantity of labor demanded by owners?
The quantity of labor demanded by owners would decrees
Poverty that is transmitted from one generation to the next.
What is intergenerational poverty?
The country that has the greatest degree of income inequality and highest rate of poverty of any industrialized nation.
What is the United States.
how does discrimination affect income inequality
if women or minorities cant work it almost garuntees they will be poor.
how does income inequality effect economic growth
it slows the process of economic growth
The primary cause of homelessness.
What is unemployment
what percent of US wealth is owned by the poorest 20 percent?
1%
how do taxes effect income inequality
a progressive or regressive taxing system can help or cause income inequality
Poverty is most prevalent among this type of household.
What is female-headed single parent households?
Laws and policies that benefit the rich.
What is wealthfare?