Table 20-4 Source: U.S. Bureau of Census

question 241

Multiple Choice

Table 20-4

Source: U.S. Bureau of Census
-Refer to Table 20-4.In 2007,the bottom 60% of families have

• A) only 12% of total income in the U.S.
• B) only 27% of total income in the U.S.
• C) 50% of total income in the U.S.
• D) 73% of total income in the U.S.

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Definitions:

Pension Funds

Financial programs that accumulate resources during an employee's working years and pay out retirement benefits upon reaching retirement age.

Short-term Securities

Financial instruments, such as bonds or Treasury bills, that mature or are redeemable within a short period, typically less than one year.

Long-term Securities

Financial instruments that have a maturity period exceeding one year and include bonds, debentures, and other investment vehicles.

Credit Union

A member-owned financial cooperative that provides traditional banking services.