Each year Forbes magazine compiles a list of the 400 wealthiest Americans. An analysis of how the
Question:
Each year Forbes magazine compiles a list of the 400 wealthiest Americans. An analysis of how the people on the list earned their wealth found: “In 1984, less than half the people on The Forbes 400 were self-made; in 2018, 67% of the 400 created their own fortunes.” Does this finding have any implications for whether we should consider the top 1 percent of the income distribution as consisting of mostly the same people each year? Briefly explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: