44. Which statement is false? (LO5) homes. a) Nearly half of all poor Americans own their own b) A poor person today has roughly the same standard of living as a middle-income person 30 years ago. c) The reported consumption spending of people in the lowest income quintile is about twice their reported income. d) The standard of living of American's poor is comparable to that of most of the rest of the world's poor people. 45. Who would most likely receive food stamps before the age of 20? (LO6) a) a white person b) a black person c) an Asian American person d) a person who grew up in a two-parent household 46. Which statement is the most accurate? (LO6, 10) a) Most poor people receive public assistance (formerly called welfare). b) Public assistance has been discontinued. c) The number of people receiving public assistance is less than one-third as high as it was in 1993. d) Because of the 2007-09 recession, the public assistance rolls have reached an all-time high