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New bill does hard job of injecting capital into needy communities

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72 percent of millennials have no confidence in the federal government

/   Staff - Robert, Daily Inequality

In a new report, “The Millennial Economy,” Ernst & Young and the Economic Innovation Group polled 1,200 American millennials (ages 18 to 34) and found that millennials no longer have confidence in some foundational elements of the establishment. Some institutions fare decently: 55 percent of millennials have confidence in the military and 51 percent in…

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Where the American Dream lives on

/   Jessica Pothering, Impact Alpha

“Prosperous rural areas predominantly in the Upper Midwest and Northern Plains are the country’s most powerful areas of upward mobility,” according to the Economic Innovation Group. The report tracks, county by county, whether prosperity and advantage translate across economic lines. It found 420 counties out of 2,869 where the American Dream of prosperity and mobility…

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Where the American Dream Lives and Dies

/   Tanvi Misra, CityLab

Rags-to-riches stories, like Benjamin Franklin’s, have always captured the American imagination. They feed the narrative of the American Dream—that from humble beginnings, a scrappy, hardworking person can become prosperous, and afford opportunities his or her parents did not have. Through booms and recessions, people have bought into this myth. The problem is: The American Dream…

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Getting ahead in the city is hard. In rural America, it’s even harder.

/   Jim Tankersley, Vox

A new report highlights the geographic divide in economic mobility. It has been snowed over by the rallying stock market and the cascade of controversies in the early months of the Trump administration, but the 2016 election revealed a deep economic and geographic divide in America. That divide remains critical — though not sufficient —…

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Is the American Dream Alive or Dead? It Depends on Where You Look

EIG has joined county-level data from our Distressed Communities Index (DCI) with the economic mobility estimates created by Raj Chetty’s team at Harvard’s Equality of Opportunity Project (EOP)

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A nation of entrepreneurs in retreat

/   David D. Haynes, Milwaukee Journal Sentinel

The American economy is still dynamic and robust — the best in the world in many ways, and there are plenty of smart, innovative companies in Wisconsin. Think Epic Systems, Johnson Controls or Ariens. But beneath the thin veneer of rosy topline economic statistics, most of which look good right now, I see some signs for…

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