The reality behind these statistics is that a large number of Americans are poor. In 1918, 14 percent of the population was living below the federal government’s poverty line, which at that time was an annual income of $ 9 287 for a nonfarm family of two adults and two children. In other words, about one out of seven Americans over 31 million people was officially considered unable to buy the basic necessities of food, clothes, and shelter. The suggested poverty line in 1981 would have been an income of about $11, 200 for a family of four. By this relative definition, about 20 percent of the population or more than 45 million Americans are poor.
11.What does the majority of the Americans have in terms of wealth?
A.Their income and savings.
B.Their house, cars and small amounts of savings.
C.Everything they own in their homes.
D.Actually, they have no wealth at all.
12.What is the percentage of wealth that is in the hands of most Americans?
A.Less than 25%.
B.More than 25%.
C.More than 75%.
D.Less than 20%.
13.Why is economic inequality still great in the US in spite of the economic growth?
A.Because the economic growth has widened the gap of the family income between the rich and the poor.
B.Because income in the US is still concentrated in the hands of the richest 10% of American families.
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