The median income for Americans has dropped for two years in a row. The income gap between the wealthiest and the poorest has widened to levels not seen since 1928. And Lane Kenworth, in Foreign Affairs, reports that Americans have less equality of opportunity than those in Australia, Canada, Denmark, Finland, Germany, Norway, Sweden, and the United Kingdom. He writes:
Left unchecked, the trend threatens not only to offset the progress the United States has made on gender and racial equality but also to usher in a future of deep and hardened class divisions.
Can an American born into a poor, uneducated family climb the social and economic ladders?
We’ll discuss economic and social mobility in the United States on Wednesday, January 9.