High Income Inequality

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Here’s where the US falls on the ‘Great Gatsby Curve’

Countries with high income inequality tend to have low upward economic mobility, which can affect the opportunity for future generations to move up the social ladder. The "Great Gatsby Curve" was made famous by Alan Krueger, late economist and former chairman of the Council of Economic Advisers. Krueger expanded upon research about the association between

High Income Inequality Hurts Social Security’s Finances

Social Security’s trustees released their annual report this week. The program faces a manageable long-term financial shortfall after 2035, after which it can still pay 77% of promised benefits if nothing changes. Importantly, part of this shortfall is due to the growth and persistence of massive income inequality that have been a hallmark of the U.S. economy for much