Stefanie Stantcheva, a Harvard economist and founder of the Social Economics Lab, dives into the complexities of measuring economic inequality and our flawed perceptions of it. She discusses how misjudging income can skew public support for policies, often influenced by political beliefs. Stantcheva reveals surprising facts about the American dream and social mobility, contrasting U.S. views with European perspectives. She also explores how racial attitudes affect support for economic interventions, emphasizing the need for awareness in addressing inequality.