Inequality in America is on the rise. Income gains since the 1980s have been concentrated at the top. The top 10 percent today take home 30 percent of all income, and control over three-quarters of all wealth. We have returned to the level of income inequality that marked the Great Depression of the 1920s and 1930s.
Evidence from the International Social Survey Programme suggests that people increasingly think their society is a meritocracy – that success in school and business simply reflects hard work and talent. This belief is held most dearly by Americans, but citizens across the world are growing more convinced.