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Between 1995 and 2001, the median net worth of American families increased 39% and median net financial assets grew by 60%. According to Oliver and
Between 1995 and 2001, the median net worth of American families increased 39% and median net financial assets grew by 60%. According to Oliver and Shapiro, all of the following factors were found to be true except which? Question 1 options: a) much of the increase mentioned above was due to a growth in a families pension accounts, IRAs, 401(k) plans and stock options. b) this increase in median financial wealth was evenly distributed to every American family. c) in 2001, the richest 5% of American households controlled over 67% of the country's financial wealth while the bottom 60% had only 8.8% and the bottom 40% had only 1%. d) financial wealth remains high concentrated in America, with the rich getting richer and the poor getting poorer
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