Income, Wealth and Economic Mobility

Andrew Leonard writes about three reports that document growing inequality in the US.  While income has grown for all classes, wealth has not.  Mobility displays a phenomenon called "stickiness at the ends".  Those raised at the bottom or the top tend to remain there as adults.

Update (January 13, 2013):  Lynn Stuart Parramore reflects on the British class system as portrayed in the documentary "56 Up" (and the rest of the "Up" series).  While many Americans continue to believe in the Dream, the fact is that the United States is among the lowest for mobility for developed countries.

Update (February 17, 2013):  Joseph Stiglitz writes about the myth of equal opportunity.

Update (July 22, 2013):  A study out of Harvard University and the University of California Berkeley shows how mobility varies geographically in the United States.

Another post includes a map from the New York Times which has further explanation.

Update (July 26, 2013):  More about the mobility study above:  a look at race and "economic segregation", and a discussion on downward mobility for middle-class children.

Update (July 29, 2013):  Paul Krugman writes about about the impact of urban sprawl on mobility.

Update (March 10, 2014):  Denver writer Lisa Wirthman gives a Colorado perspective on inequality.

Update (March 8, 2015):  Sean McElwee examines the evidence for a lack of social mobility in the United States.  The vast majority of people face, often brief, periods of economic insecurity.