In the United States, most wealth is inherited, not self-created.Group of answer choicesTrueFalse

In the United States, wealth is more unevenly distributed than income.Group of answer choicesTrueFalse

The wealthy, according to Pierre Bourdieu, get a “second inheritance” because they learn cultural capital from their parents, over the years, as they grow-up.Group of answer choicesTrue

According to lecture, 75% of all wealth in the United States is owned by 10% of families, meaning that the other 90% of the population squabble over the last $0.25 out of every dollar of US wealth.

A person’s ‘wealth’isGroup of answer choicessomething owned by them.something they owe to someone else.the difference between their assets and liabilities.the same as all their income earned.

Distinguish between income and wealth.