A Quote by Raj Chetty

The latest research on social mobility showed that there's a large aggregate decline in the U.S. in your chances of earning more than your parents. But I think where the story becomes more optimistic one is that there are pockets of America, where children from low-income families have significant chances of rising up in the income distribution. This finding of big geographic variation is an encouraging one because it shows that there are places where we see the American Dream thriving and we simply need to understand how can we replicate those successes elsewhere throughout the country.

Raj Chetty

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Aggregate America American American Dream Because Becomes Big Chances Children Country Decline Distribution Dream Earning Elsewhere Encouraging Families Finding How Income Income Distribution Large Latest Low Low-Income Mobility More Need Optimistic Parents Places Pockets Replicate Research Rising Rising Up See Shows Significant Simply Social Social Mobility Story Successes Than Think Those Thriving Throughout Understand Up Variation Your

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Raj Chetty
American - Economist
Born: August 4, 1979

If accessing the Internet becomes more difficult for low-income communities, academic and employment competition may be undermined, and could damage the prospects of upward mobility for low-income New Yorkers and further exacerbate income inequality.

Letitia James

The standard of 'affordable' housing is that which costs roughly 30 percent or less of a family's income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent.

Matthew Desmond

Income is now more concentrated in the hands of the rich. Those well-off households tend to save and invest higher proportions of their earnings than middle-class or low-income families do.

Annie Lowrey

My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.

Joseph Stiglitz

The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was spending more than its income, running up large current-account deficits. Now we have to tighten our belts and save more.

Nouriel Roubini

The solution for rising up kids in the income distributionlies is in creating better childhood environments for kids growing up, especially in low income families. And so what means such things like schools, the quality of neighborhoods. If you think about what's gone on in Baltimore, it's a place of tremendous concentrated poverty. People aren't really seeing a path forward and I think revitalizing places like that can have a huge impact, even in the face of globalization and changes in technology.

Raj Chetty

The truth is, if you are a woman saving 10% of your income for retirement, and you put it in the bank account, your chances of retiring well - living on 90% of your pre-retirement income for your full life - is 0%.

Sallie Krawcheck

Why do we need to support the food stamp program? Because low-income families experience unemployment at a far higher rate than other income groups. Because cutting nutritional assistance programs is immoral and shortsighted, and protecting families from hunger improves their health and educational outcomes.

Donna Brazile

You enhance your chances for success when you understand that your yearning power is more important than your earning power

Zig Ziglar

Schools, the institutions traditionally called upon to correct social inequality, are unsuited to the task; without economic opportunity to follow educational opportunity, the myth of equality can never become real. Far more than a hollow promise of future opportunity for their children, parents need jobs, income, and services. And children whose backgrounds have stunted their sense of the future need to be taught by example that they are good for more than they dared dream.

Kenneth Keniston

If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.

Michael Hudson

I think how veterans are treated in our country is an abomination. We don't have the draft any more, which is why so many soldiers come from working-class - rather than middle- or high-income families. Those wealthier families aren't affected, so they're not agitating for change.

Laurie Halse Anderson

When you walk around braced for impact, you're dramatically decreasing your chances. Your chances to avoid the outcome you fear, your chances to make a difference, and your chances to breathe and connect.

Seth Godin

Women now make up approximately half of the workforce - very positive. Two-thirds of all families are either headed by a single-head of household or two working parents, and particularly in this economically challenging time, that second income is more important than ever. However, women are still only earning 75 percent of what men are earning.

Valerie Jarrett

Taxes and fees in Chicago and Cook County are forcing low-income families like the one I grew up in out of this city. It's clear we can't keep treating low-income and middle-class families like an ATM machine with no limit.

Lori Lightfoot

I have always maintained that paradigm shift away from signing Rock and Metal acts is part of the decline in sales the major labels have talked about for years. I mean, to me, that should be so obvious. For decades, literally, as long as Rock N' Roll has existed, a large swath of major label income came from Rock, and later, Metal bands. So if you essentially stop signing the thing that brought in a significant portion of your income, how are you confused when you don't sell as much? It's like cutting off your nose to spite your face. I still don't get it.

David Ellefson

A Quote by Raj Chetty

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