Who Owns America?

6 Questions  I  By May20p
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 Who Owns America?
How big is the wealth gap? Take this quiz to find out! Check out the Mind the Gap! campaign at http://www. Networklobby. Org/nep/blog� to find out more! *Wealth = private or net worth = (income + assets) - debt. **Source for Statistics: Allegretto, Sylvia. 2011. "The State of Working America's Wealth, 2011. " Economic Policy Institute.

  
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Questions and Answers

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  • 1. 
    What percentage of Americans own 75% of the wealth in the US?
    • A. 

      Wealthiest 75%

    • B. 

      Wealthiest 50%

    • C. 

      Wealthiest 25%

    • D. 

      Wealthiest 10%


  • 2. 
    What percent of wealth is owned by the top 1%?
    • A. 

      6.7%

    • B. 

      14.5%

    • C. 

      35.6%

    • D. 

      91.4%


  • 3. 
    What percent of wealth is owned by the bottom 20%?
    • A. 

      20%

    • B. 

      15%

    • C. 

      8%

    • D. 

      -1.4%


  • 4. 
    For every $1 of wealth owned by a white household, how much wealth does a black household own?
    • A. 

      $0.90

    • B. 

      $0.77

    • C. 

      $0.40

    • D. 

      $0.07


  • 5. 
    How much wealth do 400 individuals of the Forbes 400 own all together?
    • A. 

      $1.3 trillion

    • B. 

      $9.5 billion

    • C. 

      $700 billion

    • D. 

      $4.6 billion


  • 6. 
    As of January 2011, how many Americans were in SNAP, the food stamp program that provides low-income households with the means to buy food?
    • A. 

      Less than 5,000 people

    • B. 

      About 100,000 people

    • C. 

      About 1 million people

    • D. 

      About 44 million people


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