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WorksheetsIncome Inequality
Total questions: 15
Worksheet time: 5mins
In 2024, the U.S. Median Household income was...
$83,730
$95,262
$125,438
$32,375
In the U.S., people without disabilities earn TWICE as much as those with disabilities.
True
False
In 2024 in the U.S., the highest median income by race/ethnicity was __________.
White
Black
Asian
Latinex
U.S. older adults have higher poverty levels than their children.
True
False
In 2024, women earned 80.9 cents to every dollar a man earned.
True
False
How many US states have a higher minimum wage than the federal minimum wage of $7.25/hr.?
12
30
47
6
How long has the federal minimum wage been stuck at $7.25?
2019
1972
2009
1998
Which country has the highest income inequality of all advanced economic (G7) nations?
Canada
Italy
Japan
United States
Between 1989 and 2016, the wealth gap between America’s richest and poorest families __________.
more than doubled
stayed the same
decreased by 50%
did not exist
Based on 2022 data, the median net worth of a typical white family was nearly _____ times greater than black family.
1.5
5
6.4
10
The richest 1% of the world owns more wealth than the rest of the world combined.
True
False
To be in the top 10% of earners in the US, you must have an annual household income of at least __________.
$38,412
$148,812
$1 million
$585,000
What causes income inequality in the U.S.?
globalization
gender discrimination
racial discrimination
technology replacing lower skilled work
wage stagnation
White students are more likely to take out loans and borrow more than black students to cover tuition and living costs.
True
False
Total student loan debt for 2024 was _________ .
8.4 million
3.2 billion
5 million
1.7 trlilion
