The poorest 20 percent of families in the United States make up the lower class. According to data provided by the U.S. Census Bureau, what percentage of all U.S. income is earned by the 20 percent of families with the lowest income?A.8 percentB.less than 1 percentC.more than 10 percentD.about 4 percent

The richest 20 percent of U.S. families receive __________ of all income earned in the United States.A.roughly one-quarterB.nearly one-halfC.about three-fourthsD.slightly more than one-third

The level of personal or family income below which one is classified as poor according to governmental standards:Select one:a.Poverty lineb.Social Classc.Income matrixd.Lifestyle reference

Most of the research on poverty in the United States has involved cross-sectional analyses of absolute poverty. Researchers were interested in examining whether poverty varies across the lifespan. To do so, they used data from the Panel Study of Income Dynamics, a nationally representative sample of non-immigrant household income from 6,000 American families and their descendants since 1968. Researchers used a relative measure of poverty, defined as being in the bottom 20% of the income distribution for that year. Extreme poverty was defined as being in the bottom 10% of the income distribution. The data are shown in Figure 1.Figure 1 Cumulative percentage of Americans who have experienced at least one year of poverty or extreme poverty by ageNext, researchers wanted to know whether certain age groups were more prone to experiencing poverty than others. They separated individuals into different age categories and calculated the percent of individuals in each category who had experienced at least one year of poverty or extreme poverty during those years. They presented that data in Table 1.Table 1 Age groups within which Americans experienced at least one year of poverty or extreme poverty; data reported as mean (std. dev.)Lastly, the researchers used logistic regression to identify different factors that increase the likelihood of an American experiencing poverty during their life. They expressed each factor as an odds ratio. The greater the odds ratio, the more likely it is that someone falling into that category (for example, having less than 12 years of education) will experience poverty than someone who doesn’t fall into that category (for example, having 12 or more years of education). The researchers adjusted for collinearity.Table 2 Odds ratios predicting the occurrence of poverty between the ages of 25 and 60; all variables were found to be statistically significant at the p < 0.01 levelAdapted from Rank MR, Hirschl TA (2015) The Likelihood of Experiencing Relative Poverty over the Life Course. PLOS ONE 10(7): e0133513 under CCBY Question 14A follow-up study finds that first-generation immigrants between the ages of 25 and 34 are more likely than the participants in this study to experience poverty. However, second-generation immigrants aged 25-34 experience poverty at the same rate as the study participants. This finding would best serve as societal evidence of: A.intragenerational mobility.B.intergenerational mobility.C.social reproduction.D.meritocracy.

A study found the poorest quintile of households paid 10% of their income in taxes while the richest quintile paid 25% of their income. This is an example of a __________ tax system.Group of answer choicesProportionalMarginalRegressiveProgressive

What share of all wealth is owned by the richest 20 percent of all U.S. families?A.49 percentB.99 percentC.89 percentD.29 percent