Economic Mobility: What's the Problem and What to Do About It?
12:15 - 1:30 p.m. New America Foundation 1899 L St NW Washington, D.C. 20036
In a recent speech in Osawatomie, Kansas, President Obama described how the prospects of upward mobility for a child born into poverty have dimmed substantially, and he identified the path to inclusive prosperity as "the defining issue of our time." But has the climb up the economic ladder really become more arduous? Have more families in the middle class fallen downward? What can and should be done to increase economic security and create opportunities for upward mobility? The New America Foundation sponsored a discussion with Scott Winship, fellow in economic studies at the Brookings Institution and former research manager with the Economic Mobility Project. Participants included Heather McGhee, director of the Demos Washington Office; Shawn Fremstad, a senior research associate at the Center for Economic Policy Research; and Reid Cramer, director of the Asset Building Program at the New America Foundation.
A video of the event is available below or after the jump.