Pres. Obama’s State Of The Union Address To Focus On Income Inequality And Social Mobility

Source: Walter Hamilton and James Barragan / Los Angeles Times

In his State of the Union address Tuesday night, President Obama will try to recharge his presidency by discussing the expansive divide between rich and poor in America.

Obama is expected to focus on the twin themes of income inequality and social mobility, which is the ability to move up the economic ladder.

Wealth disparity has drawn enormous attention with the U.S. income gap at its highest level since the Great Depression. A study last week found that the 85 richest people in the world have the same amount of wealth as the bottom half of the global population.

The richest 1% of U.S. households — those making at least $394,000 a year — have been helped by surging stock prices and a recovering housing market. The rest of the country has grappled with stagnant wages, a phlegmatic job market and wearisome student debt.

To read this article in its entirety visit the Los Angeles Times.