xssve -> RE: This Land is Their Land...... (11/20/2011 6:05:59 AM)
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quote:
ORIGINAL: willbeurdaddy Wealth disparity is a false complaint because its not the same people in the different wealth categories over time. There was a recent longitudinal study that showed over a 10 year period (1999 to 2009 I believe) only 16% of the bottom Quintile (ie 3.2% of the population) was still in the bottom quintile 10 years later, and 18% of them had reached the top quintile...yes...more of the bottom quintile reached the top quintile than remained in it. Uh, that would include college graduates and adolescents in the workforce, and typically, as you get older and retire, you sink back down into the lower quintiles, the old and the young are a perpetual underclass, so typically, your statistics are the usual bullshit half truth. Other studies indicate that economic mobility has stagnated - the people moving up are kids whose parents are wealthy enough to send them to college, and the connections to help them find well paying jobs. When they graduate, they're in the bottom quintile, they just don't stay there, duh.
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