March 26, 2013

Narrowing the wealth gap

How can the US reverse a trend of growing income inequality?
A woman walks past a man sleeping on a street in New York, New York, USA (EPA/JUSTIN LANE)

The US has one of the highest rates of income inequality compared to other developed countries. In the last 30 years, the bottom 60% of American society has seen their wealth shrink while the top five percent has gotten richer. Who is shouldering the heaviest burden and how can the trend be reversed?

In this episode of The Stream, we speak to:

Signe-Mary McKernan @urbaninstitute
Senior Fellow, The Urban Institute

Anne Price @racialwealthgap
Program Director, Closing the Racial Wealth Gap Initiative

We also speak to Chase Sackett (@chasesackett), Latasha Kinnard (@StartYoung1)and Erik Peterson in our Google+ hangout.

What do you think? Leave your thoughts in the comments below.