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Global Economics

The Wealth Gap and Upward Mobility

Posted on July 05, 2012
01_hallet-st-at-barnum.jpg Photograph by Saswat Pattanayak for Bloomberg Businessweek

A controversial new finding nicknamed the Great Gatsby Curve makes the strongest case yet that inequality and mobility are intertwined. The more unequal a society is, the greater the likelihood that children will remain in the same economic standing as their parents. In the U.S., which has higher income inequality and lower mobility than most rich industrialized countries, the Bridgeport-Stamford-Norwalk metro area is the most unequal.

The Bridgeport-Stamford-Norwalk metro area is home to nearly 1 million people and has the biggest gap between rich and poor of any metropolitan area in the U.S.

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