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Is the bottom 10% that sticky ... nvm, looks like it may be. From a quick search, 43% of the individuals raised in the bottom 25% stay in the bottom quartile.
by lief79 5y ago
Is the bottom 10% that sticky ... nvm, looks like it may be. From a quick search, 43% of the individuals raised in the bottom 25% stay in the bottom quartile.
https://www.pewtrusts.org/~/media/legacy/uploadedfiles/pcs_assets/2012/pursuingamericandreampdf.pdf https://www.pewtrusts.org/~/media/legacy/uploadedfiles/pcs_a...
- throwaway0a5e 5y agoSo if you're born into the bottom 25 you have slightly worse than 60-40 odds odds of getting out? Those seem like damn good odds for something that is necessarily a zero sum. I would expect that as you get lower down (say bottom 10) it becomes even more volatile since the wealth needed to get out gets even lower.