Wealth Inequality Quiz

How long would it take the median U.S. worker to accumulate the wealth of Elon Musk?

• 1 million years

• 2 million years

• 3 million years

• 4 million years

What is the primary difference between income and wealth?

• Income does not grow over time, while wealth does.

• Income is always higher than wealth.

• Income is inherited, while wealth is earned.

• Income is earned weekly or monthly, while wealth is the total value of assets.

What percentage of the nation's total household wealth did the wealthiest 1% own in the 1970s?

• 40%

• 20%

• 30%

• 10%

What is the estimated amount of wealth that will be transferred intergenerationally over the next three decades?

• 20 to 30 trillion dollars

• 10 to 20 trillion dollars

• 30 to 70 trillion dollars

• 70 to 100 trillion dollars

What is one proposed solution to address wealth inequality?

• Reducing income taxes

• Increasing sales taxes

• Implementing a new wealth tax

• Eliminating property taxes