3 ms·
https://www.wired.com/2016/10/data-reveals-american-dream-alive-well-canada/ https://www.wired.com/2016/10/data-reveals-american-dream-al...
by thescriptkiddie 8y ago
https://www.wired.com/2016/10/data-reveals-american-dream-alive-well-canada/ https://www.wired.com/2016/10/data-reveals-american-dream-al...
- refurb 8y agoI hate when economic mobility is measured that way (bottom quintile to top quintile movement). It completely ignore the absolute amount of money earned. Let's say you're in Canada and you move from the bottom quintile to the top. Top quintile starts at $100K, and you're making $110K. Great! Those poor American's who don't make it to the top quintile ($150K) and only the 4th quintile are making $125K. Which one would you prefer? Does the US actually have lower income mobility? Relatively speaking, yes. Not in absolute terms though.