At 13:01 24/05/2005 -0400, you wrote:
so if you are poor the prob. is that you stay that way and if you are rich the prob. is that you stay that way??
Not quite. According to those charts, half the poor families in 1989 remained poor in 1999 but the remainder grew better off, though decreasingly so towards the highest income band. It looks as though about 5% made it into the richest 20%. What I found interesting is that this was a mirror image of the rich -- only half of them reaining rich ten years later and about 5% of those joining the lowest income group.
Keith
arthur
-----Original Message-----
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Keith Hudson
Sent: Tuesday, May 24, 2005 1:03 AM
To: [email protected]
Subject: [Futurework] Income mobility in the US
FWers who are interested in the way that incomes have changed in American
famililies between 1988 and 1998 need to go to the mobile chart in today's
New York Times:
http://www.nytimes.com/packages/html/national/20050515_CLASS_GRAPHIC/index_03.html
Fascinating!
Keith Hudson
Keith Hudson, Bath, England, <www.evolutionary-economics.org>
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Keith Hudson, Bath, England, <www.evolutionary-economics.org>
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