44. Which one of the following statements is false? (LO 5 )

a) Nearly half of all poor Americans own their own homes.

b) A poor person today has roughly the same standard of living as a middle-income person 30 years ago.

c) The reported consumption spending of people in the lowest income quintile is about twice their reported income.

d) The standard of living of American’s poor is comparable to that of most of the rest of the world’s poor people.