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Obama Cites Pope Francis' Views On Inequality In Economic Address

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AP Photo / Carolyn Kaster

"The problem is, that alongside increased inequality, we've seen diminished levels of upward mobility in recent years," he added. "A child born in the top 20 percent has about a two in three chance of staying at or near the top. A child born into the bottom 20 percent has a less than one in 20 shot at making it to the top. He's 10 times likelier to stay where he is."