According to the text, in which country do only a small percentage of people control most of the wealth?

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Abhijitghosal8519idn Abhijitghosal8519idn

02-03-2021
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According to the text, in which country do only a small percentage of people control most of the wealth?

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Martebiidn Martebiidn · Answer 1 · 2022-03-29T05:00:35-04:00

According to the text, in America, only a small percentage of people control most of the wealth.

What is wealth?

Wealth is known to be the total of all assets that is said to give a person their financial security. The word wealth is also known to be the net worth of a person.

Conclusively, based on an analysis of Federal Reserve data that was done by the Economic Policy Institute, the wealthiest 1 percent of Americans are known to have control of about 35.6 percent of the wealth of the nation.

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What is wealth?

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