April 7, 2017 – The life expectancy of the wealthiest Americans, which now exceeds that of the poorest Americans by 10 to 15 years, continues to grow, according to a series of papers published today in The Lancet, one of the world’s oldest and most respected medical journals. This “survival gap” is a result of America’s fractured, for-profit health system, as well as its rapidly growing economic inequality, racial segregation and mass incarceration, which is unique among industrialized nations, researchers say.
These topics and several others are discussed in a five-paper series in The Lancet called “America: Equity and […]
New studies in The Lancet examine effects of racial segregation, mass incarceration, economic inequality and a lack of universal health care as factors in declining U.S. health outcomes, and point to a growing ‘survival gap’ between rich and poor
FOR IMMEDIATE RELEASE, April 6, 2017, at 6:30pm EST
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The life expectancy of the wealthiest Americans, which now exceeds that of the poorest Americans by 10 to 15 years, continues to grow, according to a series of papers published today in The Lancet, one of the world’s oldest and most respected medical […]
Economic Mobility: Research & Ideas on Strengthening Families, Communities & the Economy is a new publication released by the Federal Reserve Bank of St. Louis and the Board of Governors of the Federal Reserve System. The authors of the essays in this volume explore a range of issues and concepts central to understanding how—and how well—people are able to move economically.
Janet Yellen, Chair, Board of Governors of the Federal Reserve System The Importance of Economic Mobility (PDF) Introduction Ray Boshara, Federal Reserve Bank of St. Louis, and David Buchholz, Board of Governors of the Federal Reserve […]
A congressional committee held a hearing Wednesday to examine why the economic recovery has been so slow, with many still struggling nearly a decade later.
The recession was sparked by the subprime mortgage and the financial crisis of 2007. It was followed by an incredibly slow recovery. The economy has strengthened over the last year , but there are still lingering issues. The Joint Economic Committee held Wednesday’s hearing to examine why the recovery has been so slow and uneven.
“The U.S. economy did not surge back from the last recession, has it has done every other recession since World War […]
We need to confront how increasing income inequality is affecting people’s inner lives. In a lecture at INSEAD’s Fontainebleau campus a couple of months ago, Professor Robert Frank of Cornell University argued that pure luck (beyond effort and personal circumstances) would become more salient for professional success and quality of life in the context of a winner-take-all society fuelled by technology ( digitalisation in particular) and new ways of doing business. Frank’s argument resonates: Economic and social advantages clearly are disproportionately accruing to the “lucky” few who create the next big start-up or come up with a digital idea […]
democracynow.org The president of the New York Federal Reserve Bank sounded the alarm on Monday that the student debt crisis continues to mount.
At a staggering $1.3 trillion, outstanding student loan debt is casting a financial pall on millions of Americans, according to a new study by the bank.
A college degree generally gives people a leg up in buying a home and achieving other middle-class goals. However, holding debt is associated with a lower rate of homeownership, irrespective of degree type, according to the report.“Those with significant student debt are much less likely to own a home at any given […]
Justine Greening said grammars will help stop bright poor children going on to earn less than dimmer wealthier classmates A wave of new grammars will help stop bright poor children going on to earn less than dimmer wealthier classmates, Justine Greening said yesterday.
The Education Secretary added that more selective schools could transform the lives of deprived pupils by giving them the same access to academic excellence.
In a speech on social mobility, she spoke of the unfairness that clever deprived students are around a third less likely to earn a high wage than less intelligent richer peers. Ministers plan to […]
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For one more day, the nation gets to continue its escape from world events via the thrills of March Madness. While important issues of governance have been tying Congress and the Trump administration into knots, a wide cross section of the population has been preoccupied instead with the Sweet Sixteen and the Final Four, fixating on the brackets, breakaways, and buzzer-beaters.
But while the NCAA tournament appears to be all about college basketball, it’s not all just fun and games for the schools involved in the competition. The stakes for participating campuses can be high. There are […]
Gina Luster, 42, and daughter Kennedy Luster, 8, at a now-defunct water fountain in downtown Flint, Mich. Luster’s interest in activism began with the city’s water crisis and has now transformed into a full-time position for a local nonprofit. (Brittany Greeson for The Washington Post) I need a Trumpcation, by which I definitely do not mean a weekend in Mar-a-Lago, but a break from the chaos wrought by the administration.
To be clear, I’m not getting out of the vigilant oversight business, especially regarding attempts to sabotage the Affordable Care Act or pass big, wasteful, regressive tax cuts. But it’s […]
This Hamilton Project policy memo provides thirteen economic facts on the growth of income inequality and its relationship to social mobility in America; on the growing divide in educational opportunities and outcomes for high- and low-income students; and on the pivotal role education can play in increasing the ability of low-income Americans to move up the income ladder. Chapter 1: Inequality Is Rising against a Background of Low Social Mobility
Central to the American ethos is the notion that it is possible to start out poor and become more prosperous: that hard work—not simply the circumstances you were […]