This panel discussion was filmed live on October 22, 2014 at the San Francisco Fed, as part of the Federal Reserve System's Financial Education Day.
Panelists include: Carly McHenry, founder of Car's Jars Curren Krasnoff, founder of Cortex Composites Alex Murillo, Owner of iTech Repairs Sam Purtill, co-founder of ClassOwl Jody Hoff, moderator, San Francisco Fed
Bradley Heim discusses widening income inequality in the United States, focusing on the rising share of income received by individuals at the very top of the distribution (the 1 percent and above). Bradley also provides comparisons to other countries and discusses patterns in the concentration of wealth.
FRBSF Economist Robert Valletta discusses the growing gap between low and high earners across the entire U.S. wage distribution and addresses its implications on the American middle class (video, 27:01).
FRBSF economist Mary C. Daly discusses the extent to which individuals and families in the U.S. achieve upward economic and social mobility, focusing on comparisons over time and to other countries. Mary also discusses the implications of mobility for overall inequality.