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 […]

A Dilemma for Humanity: Stark Inequality or Total War

Is there nothing to be done about galloping inequality? Last year the typical American family experienced the fastest income gains since the government started measuring them in the 1960s. But the top 1 percent did even better, raising their share of income higher than it was when President Obama took office. Mr. Obama has led […]

Striking new research on inequality: ‘Whatever you thought, it’s worse’

Social mobility, the amount that a typical American moves up or down the economic ladder from where their parents and grandparents stood, has became a major focus of political discussion, academic research and popular outrage in the years since the global financial crisis. While Americans have traditionally seen their country as a place where anyone can make through […]