Question

Which quantile (20 percent) of the U.S population has seen the greatest change in income over the last generation?

a. the top quintile
b. the middle quintile
c. the lowest quintile
d. all the above

Answer 1

The top quintile of the U.S population has seen the greatest change in income over the last generation.

Step-by-step explanation:

The top quintile of the U.S population has seen the greatest change in income over the last generation.

In 2020, the top quintile of the income distribution received 52.2% of income, which is the highest share compared to other quintiles.

This implies that the highest-earning 20% of households in the U.S have experienced the greatest increase in income over the past generation.