Unit 9: Distribution of Wealth and Incomes

Introduction

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....

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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...

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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....

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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...

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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...

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