LinkedIn Print E-mail Download Issue Had Marx been asked what would happen to America if it ever became economically immobile, we know what his answer would be: Bernie Sanders and Hillary Clinton. And also Donald Trump. The anger expressed by the voters in 2016—their support for candidates from far outside the traditional political class—has little parallel in American history. We are accustomed to protest movements on the Left, but the wholesale repudiation of the establishment on the Right is something new. All that was solid has melted into air, and what […]
The stresses of poverty in the United States have grown so intense that they are harming the health of lower-income Americans – even prematurely leading to their death.
A report published Monday by The Hamilton Project at the Brookings Institution finds that stress levels have greatly increased for Americans at all income levels since the 1970s, but especially for low-income groups.s.
The report doesn’t measure stress as we typically think about it in daily life. Instead, the researchers track "stress load," an index of certain biological markers like blood pressure, cholesterol level, and kidney and liver function, that they say are […]
(Washington Post illustration; iStock) The stresses of poverty in the United States have grown so intense that they are harming the health of lower-income Americans – even prematurely leading to their death.
A report published Monday by The Hamilton Project at the Brookings Institution finds that stress levels have greatly increased for Americans at all income levels since the 1970s, but especially for low-income groups, as the chart below shows.
The report doesn’t measure stress as we typically think about it in daily life. Instead, the researchers track "stress load," an index of certain biological markers like blood pressure, cholesterol […]
Paul Sweeney: Will the poor be always with us, as the Bible warned? Comparing the family wealth to those with the same surname today, a new study suggests that the richest families in Florence 600 years ago remain the same today.
This study, by two Italian economists, Guglielmo Barone and Sauro Mocetti, analysed Florentine taxpayers back in 1427 to those in 2011. In almost 600 years, they found “The top earners among the current taxpayers were found to have already been at the top of the socioeconomic ladder six centuries ago.” Thus they challenge the orthodox view where most scholars, […]
Money’s tight for Curtis Griesel, mostly because of the costs of health care and college tuition, but he still considers himself middle class.
Household income for Griesel, his wife and their three teenage sons is in the ballpark of the metro area median. They live in a Bloomington home built in 1955, don’t own a lot of expensive things, can afford to pay their bills, travel and save a little money.
To Griesel, it’s not getting harder to be middle class, it’s getting harder to meet middle class expectations.“I think our cultural expectations have elevated, and I think it’s because of […]
Raj Chetty, 1 David Grusky,
2 Maximilian Hell,
2Nathaniel Hendren, 3 Robert Manduca,4 and Jimmy Narang5AbstractWe estimate rates of â€œabsolute income mobilityâ€ â€“ the fraction of children who earn more than theirparents â€“ by combining historical data from Census and CPS cross-sections with panel data for recentbirth cohorts from de-identified tax records. Our approach overcomes the key data limitation that hashampered research on trends in intergenerational mobility: the lack of large panel datasets linking parentsand children. We find that rates of absolute mobility have fallen from approximately 90% for childrenborn in 1940 to 50% for children born in the 1980s. The […]
Author, The Way Back: Restoring the Promise of America
Frank Buckley is a Foundation Professor at Scalia Law School at George Mason University, where he has taught since 1989. Previously he was a visiting Olin Fellow at the University of Chicago Law School, and he has also taught at McGill Law School, the Sorbonne, and Sciences Po in Paris. He received his B.A. from McGill University and his LL.M. from Harvard University. He is a senior editor of The American Spectator and the author of several books, including The Once and Future King: The Rise of Crown Government […]
I recall writing (back in the 1990s and early 2000s) that one of the great things about the US was our economic mobility. By that, I mean the ability of people to shift on the economic spectrum—to move from being a low-income family to being a high-income family, for example.
But recent studies tell us this is no longer the case .
It means the America I grew up in is changing. And that cuts right into my emotional comfort zone. I guess this should not surprise me because (a) the US is always changing, and (b) the evidence clearly shows […]
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Social Inequality In America Essay
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