+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The Wealth Gap Is Crushing America's Youth [CHARTS]

Jul 15, 2013, 20:56 IST

Flickr via pinksherbetMention the ever-widening wealth gap in America and chances are most of the focus will be on the grown-ups.

Advertisement

Their 401(k)s were pummeled during the recession, their earnings plummeted, and even a college degree couldn't guarantee them a job in shaky economic times.

But what about the children?

Under the radar, study after study has shown just how the growing wealth gap could stymie upward mobility for America's youth. In a telling report by Washington, D.C.-based think tank, The Hamilton Project, a team of researchers uncover economic data that show exactly how income inequality can impact social mobility in America.

"It is too early to say for certain whether the rise in income inequality over the past few decades has caused a fall in social mobility of the poor and those in the middle class," the authors write. "The first generation of Americans to grow up under this inequality is, on average, in high school—but the early signs are troubling."

Advertisement

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article