The gap between the richest and poorest Americans is growing wider. In fact, the top 10 percent took in more than half of all income in 2012, the highest share since the data series started.
Yet the United States has among the highest child poverty rates of any developed economy. We spend more but get less for our healthcare and education dollars than Canada, the United Kingdom, South Korea, and other nations. We are falling behind on these important measures of human progress in the world—but even more importantly, we are falling behind in terms of our ability to live up to our own values.