Interesting "Debate" about Income Inequality

The quote below is by one of the authors of a study on Americans (under) perception of income inequality. The debate, which is really a variety of perspectives on the issue, follow the release of the study. Note the relationship between issues of income inequality and the low savings rate that we have been discussing in class.

Living Beyond Your Means When You're Not Rich - Room for Debate - NYTimes.com via kwout