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Inequality in America: Facts, Trends, and International Perspectives

Inequality in America: Facts, Trends, and International Perspectives

Paperback

EconomicsGeneral Political ScienceGeneral Racism & Ethnic Studies

ISBN10: 0815724217
ISBN13: 9780815724216
Publisher: Brookings Institution Press
Published: Jul 13 2012
Pages: 94
Weight: 0.30
Height: 0.40 Width: 5.40 Depth: 8.20
Language: English

A bedrock American principle is the idea that all individuals should have the opportunity to succeed on the basis of their own effort, skill, and ingenuity.--Federal Reserve Chairman Ben Bernanke
Income inequality has been on the rise since the late 1970s, but the economic and financial crisis of 2008 instigated an unemployment epidemic that dramatically compounded this problem in the United States and catapulted the issue to the center of debate. There is wide agreement across the political spectrum that high inequality is contributing to undesirable circumstances such as stagnant household income, rising poverty rates, and increased borrowing and debt, though there is much less agreement on remedies.

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