Poverty prospects higher than expected

New study from Brown School’s Mark Rank shows how wide income gap is becoming

For Americans, the likelihood of experiencing relative poverty at least once in their lifetime is surprisingly high, finds a new analysis from noted poverty expert Mark Rank, PhD, professor at the Brown School at Washington University in St. Louis. Rank Rank’s latest study, conducted with Thomas Hirschl, PhD, professor of development sociology at Cornell University, finds that between the ages of 25 and 60, 61.8 percent of the American population will experience a year below the 20th percentile of the income distribution, and 42.1 percent will […]