Economist Tyler Cowen has some advice for what to do about America's income inequality: Get used to it. In his latest book, Average Is Over, Cowen lays out his prediction for where the U.S. economy is heading, like it or not:
"I think we'll see a thinning out of the middle class," he tells NPR's Steve Inskeep. "We'll see a lot of individuals rising up to much greater wealth. And we'll also see more individuals clustering in a kind of lower-middle class existence."
Rico Saccoccio is a junior at Fordham University in the Bronx. He's from a middle-class family in Connecticut and he spent the summer living at home with his parents, who cover about $15,000 a year in his college costs.
According to the U.S. government, Saccoccio is living in poverty. The $8,000 he earns doing odd jobs puts him well below the $11,945 poverty threshold for an individual. In fact, the U.S. Census Bureau recently reported that more than half of all college students who are living off campus and not at home are poor.
Tony Estrada is the sheriff of Santa Cruz County, Ariz.
Credit Courtesy of Tony Estrada
Each week,Weekend Edition Sundayhost Rachel Martin brings listeners an unexpected side of the news by talking with someone personally affected by the stories making headlines.
Tony Estrada is the sheriff of Santa Cruz County, Ariz., the poorest of all the border counties in the U.S. There are more than 1,000 Border Patrol Agents stationed in the county, which shares some 50 miles of border with Mexico.