What prevents the poor from reaching the middle class? | VISION TALKS

American Enterprise Institute

Why leaders watch it

Explains how rational choices differ across contexts, a reminder to understand people's constraints before judging their decisions.

Megan McArdle's AEI Vision Talk 'Capital and Poverty' argues that social and financial capital work differently in low-income communities, and that this explains barriers to reaching the middle class.

Topics: Systems thinking & complexity

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