In America, the Poorer You Are, the Poorer Your Children Will Be

In America, the Poorer You Are, the Poorer Your Children Will Be

By trkingmomoe on Mon, 09/28/2015 - 11:40pm |

So poor parents struggling just to cover basic food and shelter face both massive income inequality in their day-to-day lives, plus a seven-fold gap in the amount they can “invest” to help their children thrive in the future. Given that social mobility is already suppressed at all income levels—with children’s future earnings highly correlated with the earnings of their parents—the Herculean amount of “catch up” poor parents must undertake just to get on the same footing as their higher-earning peers makes the great American wealth gap seem even more devastating, for both today’s working households and generations to come.

This is a fact that so many poor families face today. Good article. Please take time to read.

URL:

http://www.thenation.com/article/in-america-the-poorer-you-are-the-poorer-your-children-will-be/