We might be born equal in America, but we certainly seem to be deeply divided after birth—at least from an income standpoint. About 65 percent of Americans believe the distance between wealthy and poor has increased over the past three years. Only three percent this separation has been a good thing. Income inequality in America has not been this high since 1928.
The tough reality is that two-thirds of children born in the top 20 percent will stay there, but only five percent of children born in the bottom 20 percent will climb to the top. Location factors in as well—there’s a greater chance of making it to the top in San Jose, CA than it is in Charlotte, NC. Race also comes into play.
Are we ready for real, substantive change? As of February 3, 2014, 32 states are considering raising the minimum wage. It’s been 50 years since President Lyndon Johnson launched the “War on Poverty.” Is it too late to restore the American Dream?
Please share your thoughts in the comments, and take a look at the full infographic to learn more.