Organizations like the CEE and the National Association of Economic Educators exist to improve awareness of economic concepts. This enhances the ability of young people to make better financial decisions and helps to close the gaps in knowledge that contribute to inequality. Top-tier researchers in both academia and the Federal Reserve System are focusing their attention on the causes, consequences, and solutions of this social problem, using better data, methods, and means of communicating their results. Even more importantly, policymakers are also paying close attention. Ultimately, I believe we will identify and implement policies that can make the dream of a better life a reality for more of our fellow citizens. Thank you again for your kind attention. I would be happy to take your questions. 1 Gerard Dages, Jack Gutt, Andrew Haughwout, Anand Marri, and Wilbert van der Klaauw assisted in preparing  these remarks. 2 Board of Governors of the Federal Reserve System, Monetary Policy Report – July 2017, July 7, 2017. 3 See William C. Dudley, Remarks at the Economic Press Briefing on the Regional Economy, August 10, 2017. 4 See the New York Fed’s Economic Press Briefing on Wage Inequality in the Region, August 10, 2017. 5 Pew Research Center, Global Publics More Upbeat About the Economy, June 5, 2017. 6 Corak, 2013. “Income Inequality, Equality of Opportunity, and Intergenerational Mobility.” The Journal of  Economic Perspectives, vol. 27, no. 3 (Summer). 79–102. 7 Goldin and Katz, 2007. Long-Run Changes in the U.S. Wage Structure: Narrowing, Widening, Polarizing.

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