A new study from the Urban Institute finds that the gap between the wealthiest and poorest Americans is rising. It seems as though the old American adage that if you work hard and play by the rules, you’ll achieve some kind of economic stability — if not success — no longer applies to those who live on the lower end of the economic spectrum.
Earlier this week, urban policy scholar Darrick Hamilton argued that baby bonds or other such social welfare programs could help combat these odds. But are social reward systems the only answer? Anne Price, Program Director for Closing the Racial Wealth Gap Initiative suggests some other potential solutions.
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