We Won't Settle Until 100% of Americans Are In the Top 5% of Incomes
Get this ridiculous article
:The likelihood that a child born into a poor family will make it into the top five percent is just one percent, according to "Understanding Mobility in America", a study by economist Tom Hertz from American University.
By contrast, a child born rich had a 22 percent chance of being rich as an adult, he said.
"In other words, the chances of getting rich are about 20 times higher if you are born rich than if you are born in a low-income family," he told an audience at the Center for American Progress, a liberal think-tank sponsoring the work.
I would bet a lot of money that you'll find that the chances of getting rich increase dramatically with several factors: Being raised by both parents instead of one and getting a college education are the two most obvious. Also this defines the American Dream as getting rich; I always thought that the American Dream was getting ahead. What percentage of the folks who start out poor make it to the median household income?