
Understanding the American Middle Class
Interactive Video
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Jennifer Brown
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common issue faced by the middle class according to the introduction?
Decreasing education costs
Rising prices of essentials
High job security
Abundant job opportunities
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which income range defines the middle class under the middle quintile rule?
$68,400 to $150,000
$34,200 to $102,600
$55,000 to $86,400
$28,000 to $142,400
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Rice Rule suggest about middle class income?
It should be in the top 10% of incomes
It should be below the poverty line
It should be 50% lower to 50% higher than the median
It should be exactly the median income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is net worth calculated?
By adding all liabilities
By subtracting liabilities from assets
By multiplying income by assets
By dividing assets by liabilities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the median net worth for households with a head aged 65-74?
$121,000
$399,600
$266,400
$13,900
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which lifestyle factor is traditionally associated with the middle class?
Living in a city center
Owning multiple luxury cars
Frequent international travel
Home ownership
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is considered a primary goal for middle class families regarding education?
Skipping higher education
Sending children to college
Avoiding student loans
Homeschooling children
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