WXXI AM News

Connections: Is it too difficult for most Americans to accumulate wealth?

Aug 26, 2019

Has it gotten too hard to strike it rich in America? Economics writer and professor Noah Smith says it has. Writing for Bloomberg, Smith writes that many of the traditional ways of accumulating wealth are out of reach for modern Americans. Start a business? Invest in someone else's business? Flip houses? Work hard for long hours? Smith writes that these paths have significantly narrowed, if not disappeared entirely.

What does it mean for our economy and society? Our guests discuss it. In studio: