Millennials today are changing addresses less often than previous generations did in their 20s and 30s despite facing fewer traditional barriers to geographic mobility — such as marriage, a mortgage and having children — according to a report from the Pew Research Center , which cites new Census Bureau data.
In 2016, 20% of millennials ages 25 to 35 said they lived at a different address in 2015 compared to 26% of their peers in each of 1963 and 2000 who said they had moved during the previous year. Slow recovery in the job market, a […]
View Original: Despite fewer mobility barriers, millennials are staying put
Buy Photo Mike Ilitch lived an extraordinary life.
Son of Macedonian immigrants, he was a working-class kid who served in the Marines and got a tryout with the Detroit Tigers organization. Ilitch parlayed grit, creativity, a good marriage and a passion for his hometown into becoming one of the richest and most famous Detroiters of his time.
His was the kind of achievement that the American Dream has tended to proffer its most talented and hard-working youth. From Henry Ford to Steve Jobs, America’s saga is replete with these rags-to-riches stories.But it’s fair to ask whether a life such as Ilitch’s […]
View Original: Would Mike Ilitch’s story be possible today?
STATE OF THE UNION
PATHWAYS â€¢ The Poverty and Inequality Report 2016
economic mobilityKEY FINDINGSâ€¢ When compared to 24 middle-income and high- income countries, the U.S. ranks 16th in the amount of intergenerational earnings mobility.â€¢ The relatively low level of mobility in the U.S. may arise in part because low-income children in the U.S. tend to have less stable and lower- income families, less secure families, and parents who have less time to devote to their children.It is often claimed that there is much tolerance in the U.S. for high levels of inequality, as long as that inequal- ity arises from […]
View Original: The Stanford Center on Poverty and Inequality
One of the advantages to academic research is that, because of the deference given to researchers, they can get their hands on data that is not given to mere mortals. And one of the more remarkable datasets I’ve seen comes from a new paper led by Stanford economist Raj Chetty, whose current research focuses on equality of opportunity—and whose data became the centerpiece for a fascinating new dataviz from the New York Times .
Chetty and his co-authors obtained attendance rolls from all Title IV colleges and universities for students who attended between 1999-2004, the 1980-1982 birth cohort (meaning I’m […]
View Original: Which Illinois Colleges Are Best for Income Equality, Mobility (and Marriage)?
“The numbers are always underwritten by the real struggles against classism and the impactful activism of low-income students.” [Updated 1/24/17, 9:45AM] The infographic has the minimum wage at Wesleyan listed at $9.60. This was the wage for 2016, but the state of Connecticut raised the wage to $10.10 effective Jan. 2017.
For countless cycles of matriculation, prospective Wes students have been concerned about our reputation on College Confidential. TBT amirite? This worry soon goes away (hopefully), for a variety of reasons. Despite our Forbes ranking of #9 in the country last year, I’d say most of us still don’t […]
View Original: Yikes: Wesleyan Ranks 1972nd in Economic Mobility for Low Income Students
Lisa Wade, Ph.D. , is a professor at Occidental College. She is the author of American Hookup , a book about college sexual culture, and a textbook about gender .
To Post Secret , a project that collects personal secrets written artistically onto postcards, someone recently sent in the following bombshell: "Ever since we started getting married and buying houses," she writes, "my girlfriends and I don’t laugh much anymore."
Her personal secret is, in fact, a national one.It’s part of what has been called the "paradox of declining female happiness."Women have more rights and opportunities than they have had […]
View Original: Women are less happy than men in marriage, but society pretends it isn’t true
To promote economic mobility, we must strengthen families, improve education, and increase access to good jobs. Tweet this
"Social policy faces an uphill battle as long as families continue to fragment," scholar Isabel Sawhill warns. Tweet this It’s easy to feel pessimistic about the state of American society. Poverty is widespread. Steady, well-paying jobs are scarce. Economic inequality is high, and mobility is low. Fewer adults are getting married, meaning more children are seeing their parents break up. Too many kids are stuck in failing schools, and too many young adults are stuck in dead-end jobs.These […]
View Original: Strengthening the Three Pillars of the American Dream: Education, Work, and Marriage
Format: Print Length Language: English
Format: PDF / Kindle / ePub
Size: 11.47 MBDownloadable formats: PDFBy not doing this, we all lose, even the rich. The higher the ratio, the higher the level of income inequality. The “fortunate fifth,” in Robert Reich’s endlessly repeated phrase, isn’t fortunate — it is hard-working. We can summarise this by saying that the lower the value the greater the equality. Posted by Mark Thoma on Thursday, October 6, 2016 at 12:06 AM in Economics, Links There is truly something for everyone! presentations for free.Pages: 437Publisher: Routledge (May 20, 2015)ISBN: B00XYKXN9IThe Economics of the Good Society: […]
View Original: Read online Back to Shared Prosperity: The Growing Inequality of Wealth and Income in America: The Growing Inequality of Wealth and Income in America PDF, azw (Kindle), ePub
The Democrats are right, there are two Americas. The America that works and the America that doesn’t. The America that contributes and the America that doesn’t. It’s not the haves and the have nots, it’s the dos and the don’ts. Some people do their duty as Americans, obey the law, support themselves, contribute to society and others don’t. That’s the divide in America .
It’s not about income inequality, it’s about civic irresponsibility. It’s about a political party that preaches hatred, greed and victimization in order to win elective office. It’s about a political party that loves power more than […]
View Original: Income Inequality or Effort Inequality?
It is an ambitious goal. The economy has averaged only 2.1 percent annual growth since 2009, and the central challenge, economists say, is not policy so much as the fact that more mature economies grow more slowly.
Yet even if Trump were to fuel a faster expansion than President Obama, there are questions about what that would feel like for American households.
By Mr. Trump’s reckoning, a thriving economy lifts all workers – and that has been true in the past, most recently during the 1990s. But many economists counter that the Reagan-era economic mantra Trump is adopting has been a […]
View Original: If Donald Trump supercharges economy, who will benefit?