Tag Archives: Economic inequality

What Do You Know?

Gini since WWII

Gini since WWII (Photo credit: Wikipedia)

Recently, over 5000 Americans were asked about income inequality in the U.S.  Amazingly, wealth inequality in the U.S. is now greater than it was in the 1920s, just before the Great Depression.  Wealth inequality here is worse than the inequality found many poor third-world countries.

So, how many of these questions on wealth inequality can you answer correctly (answers at the end of the post)?

  1. When asked respondents to the survey mentioned above said the top 20% of Americans own this percent of the total American wealth:
    1. 32%
    2. 59%
    3. 84%
  2. What percentage of the wealth does the top 20% of Americans actually own?
    1. 32%
    2. 59%
    3. 84%
  3. 92% of the respondents (yes that is right, 92%) think this country has the ideal amount of wealth inequality:
    1. Mexico
    2. Russia
    3. Sweden
    4. France
  4. In this ideal country, what percent of the wealth does the top 20% own?
    1. 32%
    2. 59%
    3. 84%

If you are like most Americans, you will be surprised by the correct answers, and that brings up the question about how best to educate people about what is going on in today’s America. We have so many problems that we need accurate facts to determine what we want and to begin the process of making America work better. Now, I realize there is a percentage of society that prefers their own facts (the authoritarian 20%), but how best to reach the rest of us? There is a lot of innovation going on right now on to use social media to engage people on social issues. I don’t know if anybody knows yet what works best, but in my project I will be building small quizzes on different social issues.

Hopefully answering them will be fun for the people taking the quizzes as well as educational. I promise I will not create any quizzes purporting to tell you how to stay in a relationship with your partner, or how your horoscope will affect your life in the next three months. But I will try to engage and educate you, or even better, you will engage and educate me! If you have any ideas about what quizzes you would like to see, what quizzes you don’t want to see (!!!), or if you have a better idea how to engage and educate (or anything else), I’d love to hear from you. Write me a comment or two, or three (or…) if you have any feedback.

Okay, answers listed backwards to make it a bit harder for you to cheat look ahead.

4. (A); 3. (C); 2. (C); 1. (B)

P.S., the amount of total wealth owned by the top 20% is probably underreported since a huge amount (billions, trillions?) of U.S. wealth is illegally hidden in overseas accounts.

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