CapitalGainsandGames Washington, Wall Street and Everything in Between



poverty

Posted by Pete Davis

Pete Davis's picture

That's what we like to think, but a new book, Creating an Opportunity Society, by Ron Haskins and Belle Sawhill of the Brookings Institution proves otherwise.  They took a close look at intergenerational mobility and found that 42% of American men with fathers in the bottom income quintile remain there as compared to: Denmark, 25%; Sweden, 26%; Finland, 28%; Norway, 28%; and the United Kingdom, 30%.  They present a wealth of new and old research evidence to support the conclusion that if you're born poor in America, you're likely to remain poor.




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