In a land of dollars: Deep poverty and its consequences

Source: Emily Cuddy, Joanna Venator and Richard V. Reeves, Brookings Institution, Social Mobility Memos, SERIES: Long Memos, Number 9 of 9, May 7, 2015

America is a rich country. But it contains lots of people surviving on incomes more common in developing countries. In this memo, we explore the consequences of being on the very bottom rung of the income ladder on families’ daily life, as well as the long-term life chances of their children. ….