,,iv  #aad? ,,congress  #a/ ,session    
,h4 ,,res4 #aei  ,,9 ,,! ,,h\se ,,(     
,,repres5tatives  ,m>* #ah1 #bjae ,ms4  
,max9e ,wat]s ( ,cali=nia 7= h]self1    
,ms4 ,norton1 ,mr4 ,meeks1 ,mr4 ,rangel1
 ,ms4 ,fudge1 ,mr4 ,clyburn1 ,mr4       
,?ompson ( ,mississippi1 ,ms4 ,cl>ke (  
,new ,york1 ,mr4 ,butt]field1 ,ms4 ,lee1
 ,mr4 ,lewis1 ,mrs4 ,beatty1 ,mr4 ,t$   
,lieu ( ,cali=nia1 ,mr4 ,ri*mond1 ,ms4  
,bass1 ,ms4 ,kaptur1 ,ms4 ,de,lauro1    
,ms4 ,moore1 ,mr4 ,al ,gre5 ( ,texas1   
,mr4 ,clay1 ,ms4 ,jackson ,lee1 ,ms4    
,wilson ( ,florida1 ,mr4 ,cumm+s1 ,mr4  
,jeffries1 ,mr4 ,ha/+s1 ,mr4 ,cleav]1   
,mr4 ,mc,dermott1 ,ms4 ,*u ( ,cali=nia1 
,mr4 ,v>gas1 ,ms4 ,slaught]1 ,mr4       
,pocan1 ,ms4 ,plaskett1 ,mr4 ,nadl]1    
,mr4 ,veasey1 ,ms4 ,sewell ( ,alabama1  
,mrs4 ,watson ,coleman1 ,mr4 ,ru%1 ,ms4 
,adams1 ,mr4 ,?ompson ( ,cali=nia1 ,mr4 
,h9ojosa1 ,mr4 ,mc,govern1 ,mr4 ,c>son (
 ,indiana1 ,mr4 ,delaney1 ,ms4          
,s*ak[sky1 ,mr4 ,van ,holl51 ,mr4       
,s]rano1 ,mr4 ,ellison1 ,ms4 ,edw>ds1   

,mr4 ,johnson ( ,georgia1 ,mr4 ,david   
,scott ( ,georgia1 ,ms4 ,br[n (         
,florida1 ,mr4 ,lyn*1 & ,ms4 ,kelly (   
,ill9ois7 submitt$ ! foll[+ resolution2 
:i* 0 ref]r$ to ! ,committee on         
,education & ! ,work=ce  ,,resolution   
,express+ ! s5se ( ! ,h\se (            
,repres5tatives t ! curr5t record break+
 weal? gap is a national problem = !    
nation's economic security1 & t         
broad-bas$1 g5]ational & sy/emic        
inequities cont9ue to di/ort economic   
progress & opportunity = t5s ( millions 
( ,am]icans -especially l[ &            
middle-income ,am]icans & communities ( 
color4  ,:]eas weal? is ! diff]5ce      
betwe5 ! value ( a family's assets &    
debts1 & is consid]$ a measure ( a      
family's ability to buy a home1 />t a   
bus9esses1 su/a9 em]g5cies1 fund        
educational goals1 provide              
int]g5]ational inh]itance1 & save =     
retirem5t2 ,:]eas weal? inequality has  
rea*$ a record level high & has become a
 c5tral conc]n ov] :e!r ! ,unit$ ,/ates 

is on a su/a9able economic pa?2 ,:]eas1 
9 #aihc1 :5 ! ,f$]al ,res]ve fir/ />t$  
collect+ weal? data1 upp]-income        
h\sehold weal? 0 #cah1jjj1 middle-income
 h\sehold 0 #id1cjj & l[]-income        
h\sehold weal? 0 #aa1djj2 ,:]eas1 s9ce  
#aihc1 upp]-income h\sehold weal? has   
d\bl$ to #fci1djj1 middle-income        
h\sehold weal? has ris5 by r\ghly #b1jjj
 to #if1ejj & l[]-income h\sehold weal? 
has decreas$ by ov] #b1jjj & is curr5tly
 #i1cjj2 ,:]eas upp]-income h\sehold    
weal? is curr5tly #f4f times high] ?an !
 weal? ( middle-income h\seholds & is   
ne>ly #gj times t ( ! ,nation's         
l[]-income h\seholds2 ,:]eas ! weal?ie/ 
#bj ( ! population holds ov] #hj ( !    
,nation's weal? & ! top #a possess      
approximately #cg ( ! ,nation's weal?2  
,:]eas h\seholds 9 ! bottom #aj decl9$ f
 hav+ no weal? 9 #aifc to be+ r\ghly    
#b1jjj 9 debt 9 #bjac2 ,:]eas ! curr5t  
weal? gap betwe5 upp]-income h\seholds &
 ! re/ ( ! c\ntry is ! wide/ gap        
exp]i5c$ 9 #cj ye>s s9ce ! ,f$]al       

,res]ve began collect+ ?is data2 ,:]eas 
! decl9e 9 weal? ( ! ,nation's middle & 
l[] class has n be5 %>$ equally across  
demographic gr\ps & ! weal? gap betwe5  
communities ( color & ,:ites1 commonly  
kn[n z ! racial weal? gap1 is also      
wid5+2 ,:]eas accord+ to ! ,f$]al       
,res]ve ,bank ( ,/4 ,l\is1 ! av]age     
weal? level = ,:ite h\seholds is        
#acd1jjj--;z comp>$ to #ia1jjj =        
,asians1 #ad1jjj = ,lat9os1 & #aa1jjj = 
,african-,am]icans1 :i* makes ! m$ian   
weal? ( ,:ite h\seholds #ac times !     
m$ian weal? ( ,black h\seholds1 & m ?an 
#aj times ! m$ian weal? ( ,lat9o        
h\seholds2 ,:]eas ! m$ian liquid weal? =
 ,african-,am]ican h\seholds is #bjj1   
#cdj = ,lat9os1 #ai1ejj = ,asians1 &    
#bc1jjj = :ites2 ,:]eas1 9 #bjac1 ,:ite 
h\seholds _h #ajj1jjj m 9 liquid        
retirem5t sav+s ?an ,african-,am]ican or
 ,lat9o h\seholds1 :o held r\ghly       
#ai1jjj & #ab1jjj 9 liquid retirem5t    
sav+s1 respectively2 ,:]eas weal? 9     
,am]ica is prim>ily accumulat$ ?r\gh    

home equity & mak+ home own]%ip an      
important /rategy ( f9ancial /ability & 
mov+ families out ( pov]ty1 especially =
 middle class families & communities (  
color2 ,:]eas 9 #bjjg1 home[n]%ip       
acc\nt$ = #fe ( middle-income h\sehold  
weal? & #cb = upp]-income h\sehold      
weal?2 ,:]eas1 prior to #bjjg1 =        
,african-,am]ican h\seholds1 home[n]%ip 
con/itut$ #ib ( _! weal? & #fg ( ,lat9o 
h\sehold weal?1 comp>$ to #eh ( weal? = 
,:ite h\seholds2 ,:]eas ! curr5t        
unprec$5t$ weal? gap 0 fuel$ by ! ,great
 ,recession ( #bjjg-bjji :5 home prices 
fell by #bd1 #aj trillion 0 lo/ 9 ! /ock
 m>ket1 almo/ #e million homes fell into
 =eclosure1 & ! ,nation exp]i5c$ g5]al  
f9ancial decl9e2 ,:]eas dur+ ! ,great   
,recession1 upp]-income h\sehold weal?  
decl9$ by #ag1 :ile middle-income       
h\sehold weal? decl9$ by #ci1 &         
l[-income h\sehold weal? decl9$ by #da2 
,:]eas ! ,great ,recession _h ! mo/     
pr(\nd impact on ,african-,am]icans ^:  
weal? decl9$ by approximately #eb1 &    

,lat9o h\seholds ^: weal? decl9$ by #ff1
 comp>$ to a #af decrease 9 weal? =     
,:ite h\seholds2 ,:]eas ! ,great        
,recession r$uc$ ! value ( homes        
disproportionately = m9orities z !      
av]age real home values = ,lat9o        
home[n]s decreas$ ne>ly #ajj1jjj or #ce 
& ne>ly #fi1jjj or #ca =                
,african-,am]ican home[n]s1 :ile !      
av]age home values = ,:ite home[n]s fell
 #ae ov] ?is same p]iod2 ,:]eas         
upp]-income h\seholds h l>gely rec\p$   
mu* ( _! losses f ! ,great ,recession1  
:ile middle- & l[]-income h\seholds & p 
( color h yet to exp]i5ce ! effects ( ! 
,nation's economic recov]y2 ,:]eas #ie (
 economic ga9s dur+ ! recov]y p]iod f ! 
,great ,recession w5t to ! top #a ( !   
population2 ,:]eas1 dur+ ! recov]y1 !   
m$ian weal? ( ,:ite h\seholds increas$  
by #b4d f #ach1fjj to #ada1ijj1 :ile !  
m$ian weal? ( ,african-,am]ican         
h\seholds fell #cc4g1 f #af1fjj to      
#aa1jjj & ! m$ian weal? = ,lat9o        
h\seholds decreas$ by #ad4c1 f #af1jjj  

to #ac1gjj2 ,:]eas upp]-income families 
7 l>gely able to wea!r ! /orm ( ! ,great
 ,recession due to an ability to inve/ 9
 ! /ock m>ket & o!r f9ancial products1  
:i* h be5 ! prim>y s\rce ( mu* ( !      
,nation's ga9s 9 weal? s9ce ! economic  
crisis2 ,:]eas1 9 #bjjg1 ! weal?ie/ #bj 
( h\seholds held #ae ( _! weal? 9       
inve/m5ts1 /ocks1 & o!r simil> f9ancial 
products1 ! weal?ie/ #a ( h\seholds held
 #be ( _! weal? 9 inve/m5ts & /ocks1 &  
middle-income h\seholds held j #c ( _!  
weal? 9 simil> /ocks1 inve/m5ts1 & o!r  
f9ancial products2 ,:]eas wages & income
 l>gely det]m9e a family's ability to   
inve/ 9 ! /ock m>ket2 ,:]eas middle- &  
l[-income h\seholds & communities (     
color h exp]i5c$ wage /agnation requir+ 
!m to sp5d ! majority ( _! income on    
ev]yday items & basic ne$s1 z oppos$ to 
inve/m5t 9 ! /ock m>ket1 :i* has recov]$
 & g5]at$ weal? m quickly ?an ! h\s+    
m>ket2 ,:]eas1 s9ce #aigi1 middle-wage  
work]s' h\rly wages h ris5 #f1 l[-wage  
work]s' wages h decreas$ #e1 & upp]-wage

 work]s h exp]i5c$ a #da wage increase2 
,:]eas1 f #aihj-bjac1 h\seholds ) ! top 
#a ( income exp]i5c$ wage gr[? at a rate
 ( #ach1 :ile wages ( h\seholds 9 !     
bottom #ij exp]i5c$ wage gr[? at a rate 
( #ae2 ,:]eas1 ,c,e,os n[ make #bif     
times :at a typical work] e>ns2 ,:]eas  
income inequality also falls along      
racial l9es z dur+ ! ye>s ( economic    
recov]y1 ! m$ian income ( m9ority       
h\seholds fell #i comp>$ to a decrease (
 j #a = ,:ite h\seholds1 leav+ m9ority  
h\seholds ) less money to repl5i% sav+s 
& inve/ 9 ! /ock m>ket ev5 aft] ! ,great
 ,recession2 ,:]eas ,presid5t ,b>ack    
,obama has /at$ t ! gr[+ inequality 9   
our c\ntry & lack ( upw>d mobility = !  
middle class is ! 8def9+ *all5ge ( our  
"t02 ,:]eas ,f$]al ,res]ve ,*air1 ,janet
 ,yell51 has w>n$ t income inequality is
 a 8v s]i\s problem02 ,:]eas a ,septemb]
 #bjad /udy by ,h>v>d ,bus9ess ,s*ool1  
titl$1 8,an ,economy ,do+ ,half ,its    
,job0 /at$ t ! gr[+ disp>ity betwe5 ! v 
weal?y & ! l[] & middle classes is no   

long] su/a9able2 ,:]eas 9 a draft       
/atem5t1 ! ,gr\p ( #bj f9ance (ficials1 
commonly kn[n z ,g-#bj1 = ! fir/ "t w>n$
 t gr[+ income inequality c\ld h>m      
economic gr[?2 & ,:]eas economi/s at !  
,int]national ,monet>y ,fund h argu$ t  
high] inequality is correlat$ ) l[] &   
less1 long-la/+ gr[?3 ,n[1 !re=e1 be x  
,t ! ,h\se ( ,repres5tatives--  7#a7    
recognizes t all families ne$ to be     
economically secure to create           
opportunities = _! *ildr5 & ! ,nation's 
next g5]ation2  7#b7 recognizes t weal? 
& income inequality hurt economic gr[? &
 risks economic security = individual   
families1 our communities1 & ! ,nation z
 a :ole2  7#c7 supports ! elim9ation ( !
 weal? gap & ! racial weal? gap z       
national economic security priorities2 &
  7#d7 ackn[l$ges t ,congress has a     
responsibility to implem5t ?\ghtful1    
prov5 & pragmatic policy /rategies to   
elim9ate ! weal? gap & ! racial weal?   
gap4