Question

True or false: Even though lower-class Americans constitute a larger share of the American population today, their share of the nation's income is much smaller than it was in 1970.

Answer 1

Their share of the nation's income being much smaller than it was in 1970

is True.

In the 1970s , the lower class American's income was around 62 percent and

this has dropped to around 41 percent in recent times. The higher class

American's income however increased during the same period of time.

This is as a result of the increase in economic inequality of the country in

which the disparity between the income of the lower and higher class is very

wide.

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