America Has Regressed in Income Inequality and Social Mobility - US News - 3 views
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hcps-colemankg on 02 Feb 15"We have regressed in social mobility and income equality. For the first time in our history, we are less socially mobile than Europe. And economic inequality is manifestly real, dangerous and growing. The top 10 percent of Americans now account for half of the national income, compared to one-third a number of years ago. Journalist and author David Cay Johnston has given us a vivid measure: "The average increase in real income reported by the bottom 90 percent of earners in 2011, compared with 1966, if measured at one inch, would extend almost five miles for the top 1 percent of the top 1 percent." In a June 2013 Brookings Institution/Hamilton Project study, the observation was made that "children of well-off families are disproportionately likely to stay well off, and children of poor families are very likely to remain poor." It is widely understood that the single best predictor of future financial success is educational achievement, yet educational opportunities seem to be sorely lacking for all but the families at the top of the income ladder. High-income parents invest more in their children, widening the gap between those who are rich and poor in test scores, college attendance and graduation. A 2010 study of the most selective higher education institutions by Georgetown University researchers Anthony Carnevale and Jeff Strohl concluded that "the wealthiest students out-populate the poor students by a margin of 14 to 1."" This article talks about how economic inequality is growing and how it is dangerous for the United States. It explains how the Haves will most likely stay Haves and past that down through generation after generation of their families. Being a have not includes higher education that the Have Nots can't afford, which then leads the Haves to get higher paying jobs. The Have Nots continue with lower education and lower paying jobs which will continue the spread of economic inequality.