href="#ulink_ca245d46-dd0e-5b3f-89e7-272f3bf65abb">13. Census Bureau, “Table H-3. Mean Household Income Received by Each Fifth and Top 5 Percent,” Historical Income Tables: Income Inequality, accessed February 27, 2020, available at https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-inequality.html.
15 14. Ibid.
16 15. Ibid.
17 16. Census Bureau, “Table H-2. Share of Aggregate Income Received by Each Fifth and Top 5 Percent of Households,” Historical Income Tables: Income Inequality, accessed February 27, 2020, available at https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-inequality.html.
18 17. Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez, and Gabriel Zucman, “World Inequality Report 2018,” World Inequality Lab, 80 (December 2017), available at https://wir2018.wid.world/files/download/wir2018-full-report-english.pdf.
19 18. Ibid.
20 19. Ibid.
21 20. Congressional Budget Office (CBO), “Projected Changes in Distribution of Household Income, 2016-2021,” 5 (December 2019), available at https://www.cbo.gov/system/files/2019-12/55941-CBO-Household-Income.pdf.
22 21. Ibid.
23 22. Juliana Menasce Horowitz, Ruth Igielnik, and Rakesh Kochhar, “Most Americans Say there Is Too Much Economic Inequality in the U.S., But Fewer than Half Call It a Top Priority” (January 9, 2020), available at https://www.pewsocialtrends.org/2020/01/09/trends-in-income-and-wealth-inequality/.
24 23. Ibid.
25 24. Ibid.
26 25. Emily Dohrman and Bruce Fallick, “Is the Middle Class Worse Off than It Used to Be?” Federal Reserve Bank of Cleveland Economic Commentary 2020-03 (February 12, 2020), available at https://www.clevelandfed.org/en/newsroom-and-events/publications/economic-commentary/2020-economic-commentaries/ec-202003-is-middle-class-worse-off.aspx.
27 26. FRB, “Distribution of Household Wealth in the U.S. since 1989.”
28 27. Ibid.
29 28. Ibid.
30 29. Kuhn, Schularick, and Steins, “Income and Wealth Inequality in America, 1949–2016,” 33.
31 30. Ibid.
32 31. Ibid.
33 32. Jonathan Heathcote, Fabrizio Perri, and Giovanni L. Violante, “The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?” Federal Reserve Bank of Minneapolis Staff Report No. 604 (June 2020), available at https://www.minneapolisfed.org/research/staff-reports/the-rise-of-us-earnings-inequality-does-the-cycle-drive-the-trend.
34 33. Bruce Stokes, “A Decade After the Financial Crisis, Economic Confidence Rebounds in Many Countries,” Pew Research Center (September 18, 2018), available at http://www.pewglobal.org/2018/09/18/a-decade-after-the-financial-crisis-economic-confidence-rebounds-in-many-countries/?mod=article_inline.
35 34. William R. Emmons, Ana H. Kent, and Lowell R. Ricketts, “The Demographics of Wealth: How Education, Race and Birth Year Shape Financial Outcomes,” FRB St. Louis The Demographics of Wealth 2018 Series 5 (February 2018), available at https://www.stlouisfed.org/∼/media/Files/PDFs/HFS/essays/HFS_essay_1-2018.pdf?la=en.
36 35. Organization for Economic Cooperation and Development (OECD), A Broken Social Elevator? How to Promote Social Mobility, 27 (June 15, 2018), available at https://www.oecd.org/social/soc/Social-mobility-2018-Overview-MainFindings.pdf.
37 36. Moritz Kuhn, Moritz Schularick, and Ulrike I. Steins, “Income and Wealth Inequality in America, 1949–2016,” Federal Reserve Bank of Minneapolis Opportunity and Inclusive Growth Institute Working Paper 9 (June 2018), available at https://www.minneapolisfed.org/institute/working-papers-institute/iwp9.pdf.
38 37. Lisa J. Dettling, Joanne W. Hsu, Lindsay Jacobs, Kevin B. Morre, and Jeffrey P. Thompson, “Recent Trends in Wealth-Holding by Race and Ethnicity: Evidence from the Survey of Consumer Finances,” FEDS Notes, FRB (September 27, 2017), available at https://www.federalreserve.gov/econres/notes/feds-notes/recent-trends-in-wealth-holding-by-race-and-ethnicity-evidence-from-the-survey-of-consumer-finances-20170927.htm.
39 38. Jung Hyun Choi, “Breaking Down the Black-White Homeownership Gap,” Urban Institute (February 21, 2020), available at https://www.urban.org/urban-wire/breaking-down-black-white-homeownership-gap.
40 39. Census Bureau, “Quarterly Residential Vacancies and Homeownership, Fourth Quarter 2019,” Census Bureau Release No. CB20-05 (January 30, 2020), available at https://www.census.gov/housing/hvs/files/currenthvspress.pdf.