Wealth and Income Inequality

The U.S. has one of the highest wealth gaps in the world, according to Ray Downey. He says it's a self perpetuating cycle because as you have more assets those financial assets that the central bank buys don't trickle down. The top 40% on average spend about five times as much money on children's education than those in the bottom 60%. Those who are less lower income learn more and they rose but if you happen to be in the country that's rising less quickly then globalization hurts you too he says.