What’s troubling about this research is that poverty tends to persist through generations, no matter how individuals try to improve their circumstances.
"Poor" young Americans are much wealthier than their grandfathers. The claim that "the poor stay poor" is largely an artifact of defining "poor" as "bottom 10% income".
"Poor" young Americans are much wealthier than their grandfathers. The claim that "the poor stay poor" is largely an artifact of defining "poor" as "bottom 10% income".