The Poorest 90% of the People in the U

question 37

Multiple Choice

The poorest 90% of the people in the U.S. own:

• A) 23% of the wealth
• B) 10% of the wealth
• C) 4% of the wealth
• D) all of the above
• E) none of the above

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Definitions:

Borrowing

The act of receiving something with the intention to return it or its equivalent, often referring to receiving funds from a lender under the condition of repaying it with interest.

Investing

Allocating resources, usually money, with the expectation of generating an income or profit.

Saving

The act of setting aside a portion of current income for future use, typically in a secure form such as a bank account or investment, to meet long-term goals or emergencies.

Shares

Shares represent an ownership stake in a company or financial asset, entitling the holder to a proportional share of the profits through dividends, if such profits are distributed.