Earlier I shared the Pew Economic Mobility Project’s latest findings on social mobility. The picture isn’t pretty. Kids born into the richest 20% are 10x more likely to wind up in the richest 20% as adults than kids born into the poorest 20%. Not surprisingly, the wealth mobility picture is just as bad: In many… Continue reading US wealth mobility in one chart
Author: Matt Bruenig
The advantages of having rich parents
I came across this study a while ago, but I have yet to write about it. Among other things, the study details what percentage of Canadian sons have worked in the same firm as their fathers, broken down by income percentile. On average, 40% of sons work in the same firm as their fathers at… Continue reading The advantages of having rich parents
A survey of student debt elimination ideas
A great number of students in the United States take on debt when they attend university. This upsets many, and so ideas about how to eliminate student debt altogether have proliferated. Here I summarize the main ones, argue in favor of a universal income-based repayment scheme, and raise some objections to equity financing schemes. 1.… Continue reading A survey of student debt elimination ideas
US social mobility in one chart
The excellent Pew Economic Mobility Project is out with its latest numbers on US social mobility. This chart sums up the current state of US social mobility the best: For those unacquainted with the terminology, the chart reads like this: The left column details the eventual economic outcomes of children born into the bottom 20%… Continue reading US social mobility in one chart
Liberal equality is inevitable, so what now?
This post originally appeared on Oklahomans for Reproductive Justice. At this point, it seems like liberal equality for GLBTQ individuals is virtually inevitable. The long-run Gallup polling on public opinion towards gay marriage has shown a gradual — and more recently punctuated — increase in support. Support for gay marriage is up in all demographic… Continue reading Liberal equality is inevitable, so what now?