“24.9 percent of American children live in poverty, while the proportions in Germany, France and Italy are 8.6, 7.4 and 10.5 percent. And once born on the wrong side of the tracks, Americans are more likely to stay there than their counterparts in Europe. Those born to better-off families are more likely to stay better off. America is developing an aristocracy of the rich and a serfdom of the poor - the inevitable result of a twenty-year erosion of its social contract.”
Quote by Will Hutton
Author
Will Hutton
Will Hutton is a British economist and writer, born on May 21, 1950. He is recognized for his insightful analysis of economic and social issues, particularly in the context of the UK and the global economy. Hutton has made significant contributions to the field through his writing and research, and is known for his ability to communicate complex economic issues in a clear and accessible manner. more
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