You'll never be rich

Economic mobility – the heart of the American dream - is on the decline in the United States. That means if you’re born rich, you’ll likely stay there. But if you’re born poor, the odds are you’ll struggle to climb the socioeconomic ladder. Lou explains how inequality fosters this self-perpetuating system and what the US could do to level the playing field.


SOURCES & FURTHER READING

The Pew Charitable Trusts on Economic Mobility in the United States
http://www.pewtrusts.org/~/media/asse...

Miles Corak on Income Inequality, Equality of Opportunity, and Intergenerational Mobility
https://pubs.aeaweb.org/doi/pdfplus/1...

Raj Chetty on Improving Opportunities for Economic Mobility: New Evidence and Policy Lessons
https://www.stlouisfed.org/publicatio...

Edward Wolff - Household Wealth Trends in the United States, 1962 to 2016: Has Middle Class Wealth Recovered?
https://www.nber.org/papers/w24085


CREDITS
Writer: Louis Foglia
Editor: Page Ellerson
Researcher: Dushyant Naresh
Supervising Producer: Allison Brown

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