Income inequality and the well-being of American families
Income inequality has increased steadily over the past 40 years. We briefly review the nature and causes of this increase and show that income-based gaps in children's academic achievement and attainment grew as well. To probe whether the increasing income gaps may have played a role in producing the growing achievement and attainment gaps, we summarize the evidence for the effect of family income on children, paying particular attention to the strength of the evidence and the timing of economic deprivation.