By Matt O'Brien Not a day seems to go by where we're not reminded that inequality is growing in America. But it's not just outcomes that matter; it's opportunity. Last month, we looked at startling new research that showed that poor kids who do what they need to do -- go to college -- make just about as much money later in life as wealthy kids who don't even graduate high school.
America is the land of opportunity, just for some more than others.
That's because, in large part, inequality starts in the crib. Rich parents can afford to spend more time and money on their kids, and that gap has only grown the past few decades. Indeed, economists Greg Duncan and Richard Murnane calculate that, between 1972 and 2006, high-income parents increased their spending on "enrichment activities" for their children by 151 percent in inflation-adjusted terms, compared to 57 percent for low-income parents.