- The Next Generation of Americans is Going to be in a Lot of Trouble “Children’s prospects of achieving the ‘American Dream’ of earning more than their parents have fallen from 90 percent to 50 percent over the past half century,” said Stanford economist Raj Chetty, co-author of the [Equality of Opportunity Project] study. “This decline has occurred throughout the parental income distribution, for children from both low and high income families.” But there’s hope:
“The fading of the American Dream is not immutable,” the [Equality of Opportunity Project] concludes. “There are cities throughout America — such as Salt Lake City and Minneapolis — where children’s chances of moving up out of poverty remain high. Cities with high levels of upward mobility tend to have five characteristics: lower levels of residential segregation, a larger middle class, stronger families, greater social capital, and higher quality public schools.
- Distributional National Accounts: Methods and Estimates for the United States From the researchers who’ve done the most to bring the topic to the national stage.
- Meet the Guy Corralling Billionaires to Fight Inequality They need to be part of the discussion. This is one of the reasons I’m not reflexively opposed to Trump filling his cabinet with billionaires. Let’s see what they do when their job is to work for the American people.
- Severe Income Inequality is Incompatible with the American Dream
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