- Jun 4, 2004
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So a study done by the bookings institute says that of US citizens who follow this three step sequence about 3/4 will find themselves in the middle class as defined by 300% of the poverty level. Only 2% will be below the poverty level.
The three step sequence is:
This list is basically a no brainer, but it plays nice to the, "lift yourself up by your bootstraps" and "you get what you deserve" crowds. (I'm going to leave the difficulty in getting a full-time job for later)
What's interesting is when you break out the outcomes by race, doing the right things does not pay off the same depending on your race:
http://www.slate.com/blogs/moneybox...k_families_who_do_everything_right_still.html
African Americans don't receive the same benefit as whites for doing the right things.
This also shows up in how well the respective populations do if they screw up one of the sequences.
Again African Americans have worse outcomes than whites.
Remember these are people who are doing the right things to better themselves.
Discrimination still exists in this country, it's better, but here's another indication it still exists. Equal effort should lead to roughly equal outcomes, statistically speaking. Here it doesn't always.
We are all running the same race but some Americans are being forced to run with a handicap. If you believe the American ideal of equality that's wrong.
The three step sequence is:
- Graduate from High School
- Don't have kids before your 21 and married (edit didn't have this quite right)
- Get a full time job
This list is basically a no brainer, but it plays nice to the, "lift yourself up by your bootstraps" and "you get what you deserve" crowds. (I'm going to leave the difficulty in getting a full-time job for later)
What's interesting is when you break out the outcomes by race, doing the right things does not pay off the same depending on your race:
http://www.slate.com/blogs/moneybox...k_families_who_do_everything_right_still.html
African Americans don't receive the same benefit as whites for doing the right things.
This also shows up in how well the respective populations do if they screw up one of the sequences.
Again African Americans have worse outcomes than whites.
Remember these are people who are doing the right things to better themselves.
Discrimination still exists in this country, it's better, but here's another indication it still exists. Equal effort should lead to roughly equal outcomes, statistically speaking. Here it doesn't always.
We are all running the same race but some Americans are being forced to run with a handicap. If you believe the American ideal of equality that's wrong.
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