65.9% of the current school-age population in Texas belongs to Hispanic, Black, or Asian/other households which, when combined, only account for 11% of the state's household wealth. If we don't provide the needed resources, educational attainment in the state will trend downward and overall economic performance, opportunity, and standards of living will be eroded over time.
Dr. Perryman explains the factors allowing wealth to increase for many Americans and what this trend signals for the economy.
The recent July 4 holiday marked 241 years since the 13 American colonies separated from England and did so with Mr. Jefferson's powerful and lyrical prose that made the Declaration of Independence one of the most memorable documents in human history. We often forget, however, that the year 1776 was also marked by another publication that, while anything but inspiring for its tone and resonance, was integral to the development of the United States, Adam Smith's "An Inquiry into the Nature and Causes of the Wealth of Nations."