Severe Inequality Is Incompatible With the American Dream

The numbers are sobering: People born in the 1940s had a 92 percent chance of earning more than their parents did at age 30. For people born in the 1980s, by contrast, the chances were just 50-50. The finding comes from a new paper out of The Equality of Opportunity Project, a joint research effort […]

‘Everybody outside of the top is suffering’: How stress is harming America’s health

The stresses of poverty in the United States have grown so intense that they are harming the health of lower-income Americans — even prematurely leading to their death. A report published Monday by the Hamilton Project at the Brookings Institution finds that stress levels have greatly increased for Americans at all income levels since the 1970s, but especially […]

American Dream collapsing for young adults, study says, as odds plunge that children will earn more than their parents

Rising income inequality has eroded the ability for American children to grow up to earn more than their parents, according to a new study from a team of researchers that could carry deep implications for President-elect Donald Trump’s policy agenda. The research from a group led by Stanford’s Raj Chetty, and also including economists and sociologists from […]