(NNPA)—Amid stagnant wages, nagging underemployment and unemployment, many families continue to struggle with their finances. Some may even have wondered: “Will we ever make financial head way?”
On Sept. 10, a Capitol Hill briefing was held to unveil a new policy brief that examined America’s shrinking middle class. Responding to Rising Inequality: Policy Interventions to Ensure Opportunity for All was developed and published by the Haas Institute for a Fair and Inclusive Society at the University of California at Berkeley.
According to the brief, “Income polarization is growing and the middle class is shrinking.”
The event, hosted by the Economic Policy Institute, featured several speakers, including john a. powell, Director of the Haas Institute and a Professor of Law, African American and Ethnic Studies, at U-C Berkeley. Rep. Barbara Lee, D-Calif., delivered the session’s opening keynote address.
After pointing out that African-Americans hold six cents in wealth for every $1 held by Whites, Congresswoman Lee said the report underscore the need for a new national priority: working towards an inclusive economy.
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