Which of the following statements accurately describes the current income distribution in the United States?
A) The purchasing power of lower-income groups has been steadily rising.
B) The middle class is outpacing all other income groups.
C) Wealthy households are outpacing both poor and middle-class households.
D) The income distribution among all households is becoming more equal.
E) Wealthy households are declining rapidly in purchasing power.

Question

Quizplus · Accepted Answer

The current income distribution in the United States shows wealthy households outpacing both poor and middle-class households. This trend has been ongoing for several decades, with the top 1% of households holding a disproportionate amount of wealth and incomes. Lower-income groups have not seen a significant increase in purchasing power, and the middle class has struggled to maintain their standard of living with stagnant wages and rising costs. Data shows that income inequality has been increasing, rather than becoming more equal, contributing to social and economic disparities. Therefore, option C is the most accurate statement.

Which of the Following Statements Accurately Describes the Current Income