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Comment by cgearhart

That's the problem though -- there is not equality is possibilities. Analysis [1] of a study from the Pew Research Center on economic mobility [2] found that you are 10x more likely to be in the top 20% if you're born there than if you're born in the bottom 20%. Someone born in the top 20% who doesn't go to college is still 2.5x more likely to have an income in the top 20% as an adult than someone from the bottom 20% who does go to college.

Moreover, it's worsened because life is more expensive in subtle ways as you move down the income bracket. [3] Even municipal fines -- as emphasized by John Oliver recently -- contribute to the problem.

[1] http://mattbruenig.com/2013/06/13/whats-more-important-a-col... [2] http://www.pewtrusts.org/en/research-and-analysis/reports/00... [3] http://www.slate.com/articles/life/family/2014/12/linda_tira... [4] https://www.youtube.com/watch?v=0UjpmT5noto

parent cgearhart 11 years ago

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