Transcripts for CNN Your Money 20130720 13:34:00 : vimarsana

CNN Your Money July 20, 2013 13:34:00

several recent studies challenge this notion. one report from pew finds social mobility is on the decline and means u.s. is not the best bet to move up the economic ladder if you're born poor. the rich stay rich more observe in this country. that sounds distinctly un-american. my question to you feels like one america and two economies. is it race that is dividing us in money or is it class? >> well, based upon race you have less access to education. you're more jailed. now, christine, you have the case where in chicago, for example, the prisoners, the county makes $3 million off telephone calls. the poor get the telephone calls to make. the other part is prison labor is on the rise. south carolina, 20% of all prisoners are lease to do companies, for example, that some kids in cook county jail in there five years waiting for pretrial retention.

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