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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
FinanceJanet Yellen

Fed Chair Janet Yellen Says an Unstable Childhood Makes It Harder to Succeed as an Adult

Lucinda Shen
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Lucinda Shen
Lucinda Shen
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Lucinda Shen
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Lucinda Shen
Lucinda Shen
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March 24, 2017, 10:04 AM ET
Senate Banking, Housing, and Urban Affairs Committee
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Poverty is strongly heritable. And Federal Reserve Chair Janet Yellen knows it.

“Considerable evidence shows that growing up poor makes it harder to succeed as an adult,” Yellen said Thursday in Washington, in remarks reported by CNN. Yellen was talking at a conference on community development.

A recent Fed showed that 10% of people between the ages of 25 to 39 lived in a somewhat unstable environment as children, the Wall Street Journal reports. They worried regularly about having food to eat, having a stable caregiver, and their personal safety in their youth. And now as adults, roughly half of that population are struggling make ends meet, the survey found. Compared to adults who grew up in a more stable childhood environment, these adults also were less likely to have employment and consistent income.

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