In this analysis I am asking you to consider a form of redistribution that is increasingly discussed, namely basic income.

Using data from www.census.gov:

a. What was median annual household income in the US in 2019?

b. What was the average size of a household in 2019?

c. And using the information from the Social Security Administration (https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf), what is the annual Social Security benefit of a retired worker?