
S E20: Inequality - Understanding the Gap between Rich and Poor
Think Like An Economist
The Importance of Income Inequality
Inequality is also about the chances of getting life. Half the economic advantage your parents have or don't have gets passed down to you. White children born in the bottom fifth are four times as likely to move to the top of the distribution as black children. Black Americans are more likely to move down the economic ladder and that's likely to move up the economic ladder compared to white children.
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