The Great Gatsby Curve: Declining Mobility
The Great Gatsby Curve shows the correlation between generational mobility and income inequality in developed countries. According to the curve, which was named by former White House economist Alan Krueger, the U.S. shows an increasingly rigid economic structure, with rich children predestined to grow up wealthy, and poor children more likely to remain impoverished in adulthood.
Published Oct. 6, 2013
Sources: The White House; U.S. Council of Economic Advisers; Organisation for Economic Co-operation and Development; Miles Corak, University of Ottawa
GRAPHIC: DAVE MERRILL / BLOOMBERG VISUAL DATA