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The Average Net Worth of a White Household Is Roughly

question 67

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The average net worth of a white household is roughly ________ times larger than that of a nonwhite household.


Definitions:

Adaptation-Level Phenomenon

The tendency of humans to judge various stimuli and experiences relative to their past experiences, leading to a baseline level of satisfaction.

Relative Deprivation

describes the experience or perception of lacking resources or advantages in comparison to others within a society or reference group.

Salary Increase

An adjustment to an employee’s pay rate, usually an upward revision, reflecting changes in market conditions, performance, or responsibilities.

Firefighters

Individuals trained in extinguishing fires and often providing emergency medical services.

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