Obama is expected to focus on the twin themes of income inequality and social mobility, which is the ability to move up the economic ladder.
Wealth disparity has drawn enormous attention with the U.S. income gap at its highest level since the Great Depression. A study last week found that the 85 richest people in the world have the same amount of wealth as the bottom half of the global population.
The richest 1% of U.S. households — those making at least $394,000 a year — have been helped by surging stock prices and a recovering housing market. The rest of the country has grappled with stagnant wages, a phlegmatic job market and wearisome student debt.
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