Unit 9: Distribution of Wealth and Incomes


What’s in This Chapter? Is there more or less poverty in countries that have higher income inequality? Consider the following hypothetical example. Country A: The poorest income group earns an average of $4,000 per year....

Read More

Section 1: United States Income Distribution

Income Inequality How much income inequality is appropriate? This is a hotly debated topic among economists and politicians. Nearly everyone in industrialized countries agrees that we should have some degree of income...

Read More

Section 3: Poverty

The Definition of Poverty The poverty thresholds, as determined by the United States Census Bureau, vary by the size of a household and typically increase from year to year. In 2016 it was $11,770 for a household of one person....

Read More

Section 4: Government Anti-Poverty Programs

Social Security The Social Security Program is mostly a retirement program, but it has welfare elements, as well. In addition to providing retirement income for many citizens, it pays for widows, orphans, and disabled persons. A...

Read More

Test Your Knowledge!

  Time limit: 0 Quiz-summary 0 of 10 questions completed Questions: 1 2 3 4 5 6 7 8 9 10 Information This is a ten question multiple-choice quiz covering the material in this Unit. I hope you do well! You have already...

Read More