Posts Tagged ‘Class’

Inherited Wealth, Social Mobility, and College

June 19, 2013

 

This chart shows the fascinating pattern of inter-generational wealth and poverty in America. Of those raised in the top income quintile, 40% stay there while 43% of those raised in the bottom stay there. Also, a person raised in the top income quintile who does not go to college has a 2.5x higher change of staying in the top then someone from the bottom 20% who does go to college. Click through for a fascinating look at wealth and the effects of college.

–from mattbruening.com with data from Pew’s Economic Mobility Project

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Nearly One Third of Americans Now Identify as Lower Class

September 14, 2012

32% of Americans now identify as lower class, an increase of 7% from 2008. For more information, see the Pew Report.