Peter Fallesen News Today

New research shows that, notwithstanding its position as the richest economy in the world, the US has the poorest record (among the rich countries) of alleviating poverty from one generation to another. The trouble lies in the US government’s policy choices — something that India must not copy.

Data: Zachary Parolin, Rafael Pintro Schmitt, Gosta Esping-Andersen, Peter Fallesen; Note: National surveys are Panel Study of Income Dynamics (U.S.), British Household Panel Survey & U.K. Household Longitudinal Study (U.K.), Household Income Dynamics (Australia), Socio-Economic Panel (Germany), Statistics Denmark Register Data (Denmark); Chart: Danielle Alberti/Axios If you're between 25 and 35 and grew up in poverty, there is a...