How The Income Gap Plays Out For Rich And Poor NPR
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NEAL CONAN, host: This is TOTN. I'm Neal Conan in Washington. At its heart, the promise of America has always been pretty simple: work hard, play by the rules, and you will do better than your parents. But as the economy continues to limp, the dream may be fading. The wealth gap in the country has widened and swallowed much of the middle class, while the top five percent, the very richest, get richer. And some get hit harder than others.
A new report by the Pew Research Center finds the median wealth of white households has grown to 20 times that of blacks and 18 times that of Hispanics. Almost every economist agrees we need some disparity to spur innovation and competition. Some argue the current gap is not as bad as it looks.
While people at the top have gotten richer, so have the people on the bottom. But what about that dream? Are you doing better than your parents? Call us, 800-989-8255. Email us, talk@npr.org. You can also join the conversation on our website. That's at npr.org. Click on TALK OF THE NATION.
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