average income for adults still varies widely across gender and racial groups in the united states, which tells us that:

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07-12-2022
Social Studies

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average income for adults still varies widely across gender and racial groups in the united states, which tells us that:

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abhinavjh321 abhinavjh321 · Answer 1 · 2022-12-16T01:06:05-05:00

Average income for adults still varies widely across gender and racial groups in the united states, which tells us that income is correlated with race and gender.

Over time and among nations of all income levels, gender inequality is closely linked to income disparity. In developed nations, where there are more equal economic opportunities for men and women, gender differences in economic engagement are the main cause of income inequality.

The average Black and Hispanic or Latino household in the United States earns almost half as much as the average White household and has just 15% to 20% as much net wealth.

Technology advancement, globalization, commodity price fluctuations, and domestic economic policies such redistributive fiscal policies, labor and product market policies are some of the major causes of the rise in intra-country income inequality documented in the literature.

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