The Rising Costs of U.S. Income Inequality | Laura Tyson - 4 views
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Children born into low and high income families are born with similar abilities. But they have very different educational opportunities, with children in low income families less likely to have access to early childhood education, more likely to attend under-resourced schools that deliver inferior K-12 education, and less likely to attend or complete college.
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"Children born into low and high income families are born with similar abilities. But they have very different educational opportunities, with children in low income families less likely to have access to early childhood education, more likely to attend under-resourced schools that deliver inferior K-12 education, and less likely to attend or complete college." Income plays a great role in how different people live. People with low incomes won't have the same opportunities that people with high income do. Even though we like to think of most people being equal, the difference in how much money someone earns changes how they get their education, food, etc. -
Middle-income families in other developed countries enjoyed larger increases in disposable income (leisure money) than the United States. The United States lost the title of having the "most affluent" middle class to Canada.
