May 24, 2013  |  In the News

Want to break the poverty cycle? Trust families with resources

For the past ten years, I have been watching closely as the gap between the rich and the poor in America has continued to widen, and as our once strong middle class has become further fractured. So many Americans teeter on the edge of poverty, and many families are entering poverty for the first time, after falling from the security of the middle class.

According to a study by the Economic Mobility Project of the Pew Charitable Trust, many people make more money than their parents did, but they are not better off socially or economically. One-third of American households, constituting 100 million people, earn under $35,000 a year. For those in the lowest income levels, economic mobility has been lost, and generation after generation stays tied to the same economic class…

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