I'm translating a graph from CNN:
There is a 26% chance you will be stuck in the same class as your parents in Australia
" 32% " Germany
" 34% " Japan
" 46% " Pakistan
" 47% " USA
So, basically this means that you have almost a 1 in 2 chance of being stuck in the same economic class as your parents were in the U.S. as you move into becoming an adult in the U.S. which is a worse statistic than Pakistan. This is completely different than in the 1960s where we likely would have been the most likely of any country on earth to rise to the top or at least to a higher economic class than our parents. In other words in the 1950s and 1960s we likely were about where Australia is now or better percentage wise.
Source: Your Money on CNN TV Saturday December 14th 2013
Note: Only Italy and Great Britain have less economic mobility than the United States does now in all of Europe.
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Rosamund Pike: Star of New Amazon Prime Series "Wheel of Time"
- Belize Barrier Reef coral reef system
- SNAP rulings ease shutdown pressure as Thune rebuffs Trump call to end filibuster
- Flame (the Giant Pacific Octopus) whose species began here on earth before they were taken to another planet by humans in our near future
- Learning to live with Furosemide in relation to Edema
- Earthquake Scientists Say It's Time to Start Paying Attention to Antarctica
- I put "Blue Sphere" into the search engine for my site and this is what came up.
- Siege of Yorktown 1781
- Nine dead, dozens injured in crowd surge at Hindu temple in southern India
- 1. The Hawaiian god Kanaloa takes the form of an octopus.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment