ELYRIA — Lorain County residents who start at the bottom are likely to stay there.
It’s a startling statistic, but one community leaders are aiming to solve, starting with the conversation Wednesday night at a community forum hosted by Lorain County Community College.
According to research from the Equality of Opportunity Project, a child in Lorain County who is born and raised in poverty has a 5.1 percent chance of reaching a family income of $70,000 by the age of 30, or more than $100,000 by age 45.More than likely, those who start at the lowest income levels will stay there.That […]
View Original: LCCC, others aim to boost residents’ economic mobility
MDC President David Dodson serves as keynote speaker of the District Board of Trustees’ Community Connections session, held in Lorain County Community College’s Spitzer Conference Center Reaser Grand Room, Jan. 10, 2018. Dodson’s presentation, “Why Mobility Matters,” focused on closing the gap which separates people from opportunity, in their pursuit of the American dream. Eric Bonzar — The Morning Journal Lorain County Community College President Dr. Marcia Ballinger kicks off the District Board of Trustees’ Community Connections session in the Spitzer Conference Center’s Reaser Grand Room, Jan. 10, 2018. The session brought together various sectors of the community to […]
View Original: LCCC aims to address economic inequality in Lorain County
Yuriko Nakao/Reuters Two economists have proposed an idea for "Baby Bonds," a one-time deposit into a child’s bank account at the time they’re born.
The program would help create upward mobility and reduce inequality in the US, they claim.
Rich families would receive around $500 while poor ones would receive up to $50,000. Darrick Hamilton and William Darity have a thought-provoking way to help families pay for college: Give every baby between $500 and $50,000 at the time they are born.Hamilton and Darity, both economists, say these "Baby Bond" accounts could go a long way toward […]
View Original: Some economists want the US government to put up to $50,000 in ‘Baby Bond’ bank accounts
The Insider Picks team writes about stuff we think you’ll like. Business Insider has affiliate partnerships so we get a share of the revenue from your purchase. Shutterstock.com/wavebreakmedia There’s a reason the most successful people in our society are often the most voracious — or dogged — readers.
Think about how many new ideas you’re exposed to in the pages of a book, compared to days in a year of your life alone. Frequent readers are constantly engaged with new ways of thinking, alternate perspectives, and a habitual effort for self-betterment. None of these things are exactly hurdles to success.
View Original: 15 books world-famous CEOs think everyone should read in their lifetime
Did you know?
Did you know that the United States is one of the world’s wealthiest countries and that it spends more on national defense than China, Saudi Arabia, Russia, United Kingdom, India, France, and Japan combined?
Did you know that US health care expenditures per capita are double the average amount of other Organisation for Economic Co-operation and Development (OECD) nations, yet, the US has fewer doctors and hospital beds per person than average?Did you know that US infant mortality rates in 2013 were the highest in the developed world?Did you know that US inequality levels are much higher […]
View Original: UN Investigates Poverty in the US and Puerto Rico
College might be a ticket out of poverty, but for blacks and Hispanics making the climb, it might not be a ticket to good physical health, UNC-Chapel Hill researchers say.
In fact, yardsticks like blood pressure and blood chemistry indicate students who start from “higher levels of disadvantage” may “actually experience a cost” to their future health from the stress surrounding the experience, a team led by post-doc Lauren Gaydosh and sociology professor Kathleen Mullan Harris said in a recent research paper .The pattern, observed in a multi-decade study that began tracking 20,745 people who were teens in the […]
View Original: The long-term cost of college? For blacks and Hispanics, it’s not just about money
www.insightsonindia.com Page 1 www.insightsias.com
General Studies-3; Topic: Economic growth; Inclusive development
Income Inequality in India1) Introductionï‚· The World Inequality Report 2018 released by the World Inequality Lab says that income inequality in India has increased since economic liberalisation.ï‚· It is in contrast to the earlier decades when inequality dropped under socialist policies.2) Key Findingsï‚· We can see the trend in inequality across the worldï‚· The report compares economic progress made in India and China.ï‚· Since 1980, while the Chinese economy has grown 800% and Indiaâ€™s a far lower 200%ï‚· Inequality in China today is considerably lower than in India.ï‚· The share […]
View Original: Insights Mind maps
Income inequality in India has hit its highest level in 92 years . New figures from Credit Suisse suggest the wealthy elite of India, its richest 1%, now own 58.4% of the wealth. This makes India, often revered as a key rising economic power among the developing nations, the second-most unequal country in the world. What is behind this recent rise in inequality? And is it really a problem?
Social divides in India have often been attributed to its rigid caste system. This system takes roots in Hinduism, which traditionally separated people into four groups: at the […]
View Original: The Ugly Face of Inequality in India
Have poverty levels and inequality in the US soared over the past quarter century, or are we just looking at them through the wrong lens? I discussed this recently with economist Bruce Meyer, a leading researcher in these fields. We also covered the earned income tax credit, how government can held reduce poverty, and more. Bruce Meyer is a visiting scholar here at AEI, a professor at the University of Chicago’s Harris School of Public Policy, and a fellow at the National Bureau of Economic Research.
Below is a lightly-edited transcript of our conversation. You can subscribe to my podcast […]
View Original: Inequality and poverty in the US: A long-read Q&A with Bruce Meyer
Public Assets Institute (link is external) Even before Congressional Republicans passed the tax overhaul this month that promises to widen the worst income gap between rich and poor since before the Great Depression, there was ample evidence that the economy was leaving too many Vermonters behind. Now, as the president prepares to sign the bill, the task for Vermont’s leaders and policymakers grows urgently clear: They must focus on raising the incomes of low- and moderate-income Vermonters, challenging the message from Washington that wages will rise and prosperity will spread as soon as the economy improves.
State of Working […]
View Original: PAI: To boost the state’s economy, flip our thinking