Separated at Birth
What is the most striking consequence of deepening income inequality? Could it be the rise of social immobility?
A report recently released by the Russell Sage Foundation — “Opportunity, Mobility, and Increased Inequality” — concludes
that 60 percent of those born into a bottom-quintile family will themselves be in the bottom two quintiles of the income distribution at age forty, and that 56 percent of those born into a top-quintile family will be in the top two quintiles of the distribution at age forty.