Who Owns America?
How big is the wealth gap? Take this quiz to find out!
Check out the Mind the Gap! campaign at
https://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.
- 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%
Correct Answer
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%
Correct Answer
C. 35.6% -
- 3.
What percent of wealth is owned by the bottom 20%?
- A.
20%
- B.
15%
- C.
8%
- D.
-1.4%
Correct Answer
D. -1.4%Explanation
-1.4% : meaning that the bottom 20% of Americans owe more than they own.Rate this question:
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- 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
Correct Answer
D. $0.07Explanation
*Based on Median Net WorthRate this question:
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- 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
Correct Answer
A. $1.3 trillion -
- 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
Correct Answer
D. About 44 million peopleExplanation
Data from USDA: http://1.usa.gov/acpPxsRate this question:
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Mar 17, 2022Quiz Edited by
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Apr 28, 2011Quiz Created by
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