If the wealthiest 10% own 77% of the wealth, approximately what share do the other 90% own?

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Study for the JCJC Sociology Test. Use flashcards and multiple choice questions with hints and explanations. Prepare for success on your exam!

Multiple Choice

If the wealthiest 10% own 77% of the wealth, approximately what share do the other 90% own?

Explanation:
Think of wealth as totaling 100%. If the wealthiest 10% own 77%, subtracting that from the whole leaves 23% for everyone else. So the other 90% own about 23% of the wealth. This shows a highly uneven distribution, where a small group holds most of the wealth while the vast majority control a relatively small share.

Think of wealth as totaling 100%. If the wealthiest 10% own 77%, subtracting that from the whole leaves 23% for everyone else. So the other 90% own about 23% of the wealth. This shows a highly uneven distribution, where a small group holds most of the wealth while the vast majority control a relatively small share.

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