based on what you have learned in the chapter, about what percentage of all u.s. families has little or no wealth?

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10-12-2022
Social Studies

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based on what you have learned in the chapter, about what percentage of all u.s. families has little or no wealth?

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akankshasharma92 akankshasharma92 · Answer 1 · 2022-12-15T20:07:12+01:00

The unequal distribution of assets among u.s is known as wealth inequality in the country. The values of any , personal belongings, businesses frequently considered to be part of one's wealth.

Even though they are distinct from one another, the two are connected. When combined with income, wealth reflects a family's overall opportunity to achieve stature and a relevant standard of life, or to pass on their class standing to their offspring. Wealth is typically not used for everyday expenses or incorporated into household budgets. [4] Riches additionally ensures both short- and long-term financial security, confers social prestige, aids in gaining political influence, and can be used to acquire additional wealth. Therefore, having money gives you freedom and agency, or the power to do something. The. [5] Therefore, having money gives you freedom and agency, or the power to do something.

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