The “American dream” has generally meant that each generation should be able to do better than the last, but that premise has been thrown into doubt with growing economic inequality. The richest 1 percent now owns more than 40 percent of the country’s wealth — nearly double that of the bottom 90 percent. Is "the American dream" really attainable for most with just hard work? And for some parts of the population, was it ever? Those questions are at the heart of a new organization in Washington, the Center for Advancing the American Dream.

Jim Braude was joined by Kerry Healey, the former president of Babson College and the newly named president of the Center for Advancing the American Dream.