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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (76797)12/28/2006 2:54:36 PM
From: regli  Read Replies (2) of 110194
 
"... According to the University of Michigan study which tracked the fortunes of individuals over time, 3 out of 10 of those in the lowest quintile of earners made it to the top 20 percent of earners between 1975 and 1991. ..."

Looking at this issue in context provides a much better picture as the following chart indicates when one compares the U.S. to "class conscious" European countries.

cepr.net

Social Mobility


And here a few other interesting charts from that document:

Prison Population


Household Income Inequality
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