Americans also believe that the wealth gap is closing, the national survey found. When in fact, it's gotten bigger over time.
"In fact, the wealth gap has gotten larger since 1963, the earliest time point we used. The result is that people are overestimating equality in 1963 by 40 percentage points. At the most recent time point, 2016, the estimates are off now by 80 percentage points," Kraus told the Yale University's academicWhy do people underestimate the racial wealth gap? Kraus and his research team are focusing on that question next.
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