News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited government, free markets, liberty & individual freedom. All content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for this site - no paid ads accepted - no payments for articles. Fair Use doctrine is posted & used. Editor: Dr. Bill Smith [OzarkGuru] - firstname.lastname@example.org
Thursday, December 27, 2012
Is there Income Mobility in America?
Learn Liberty: Are the rich getting richer while the poor get poorer? Prof. Sean Mulholland uses several statistical measures and finds that this common perception may not be accurate. A surface-level examination of statistics may indicate that the poor are getting poorer, but a more thorough study shows that there is more income mobility in the United States than many might think. Prof. Mulholland highlights data showing household income by quintile adjusted for inflation and even uses data that follows specific households over time. For example, if we look at households in the bottom quintile in 1987 and follow those individual households until 1996, about 45 percent of them have moved up to a higher quintile. In the next 10-year period, about 40 percent of households move up. Watch the video to see Prof. Mulholland's findings about income mobility for the top 20 percent of income earners over time and for U.S. households across generations, too. Prof. Mulholland says this data provides "evidence that the possibility of upward mobility in the United States is still very real."
- Steve Horwitz explains that, contrary to popular belief, the poor are getting richer.
- Thomas Sowell argues that the economy has grown faster than most people realize. Tags:Income mobility, America, Sean Mulholland, educationTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Comments by contributors or sources do not necessarily reflect the position of ARRA, its Officers, memberships or the Editors.
Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.