Most Americans materially better off than their parents

Despite the prolonged Obama doldrums, progress continues long term. From Pew Research - 83 percent of Americans exceed their parents’ family income by at least $1,000; Half of Americans exceed their parents’ family wealth, and 47 percent have at least $5,000 less wealth than their parents and having a college degree is associated with absolute upward mobility at all income and wealth thresholds and is especially important for upward wealth mobility from the bottom. These are just a few of the insights.

Some unsurprising facts that are often overlooked. It is harder to keep up with your parents when they were rich. There is a general upward trend, but for those raised in the lowest 20% of the population 91% make more than their parents. Among the richest 20%, the number is much lower (69%) although still high. There is a corresponding downward mobility in the upper 20%. 30% of them make less than their parents, with 1% presumably making the same.

Family wealth follows a similar pattern but more accentuated. The richest 40% of the population lose money from generation to generation and in the top 20%, 75% of the current generation has less wealth than their parents.

On the other hand 66% of the poorest kids exceed their parent's wealth and half exceed it by more than $25,000.

A note on the term absolute. That simply means the real money, adjusted for inflation. If your father made $20,000 in today's dollars and you make $21,000, you have an absolute increase of $1000. This doesn't say anything re you relative to others. Others may have come up faster or slower than you did. Most American are better off than their parents, but their relative standing to each other may be different.

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Emporio Armani AR0677 Men’s Brown Leather Strap Watch
Emporio Armani AR0683 Rubber Sport Mens Watch
Emporio Armani AR0684 Quartz Date Watch
Emporio Armani AR0685 Mens Stainless Steel Watch
Emporio Armani AR0686 Grey Sport Strap Gunmetal Dial Men’s Watch
Emporio Armani AR0687 Sport Blue Man Watch
Emporio Armani AR0696 Classic White Leather 2-Hand Silver Dial Men’s Watch
Emporio Armani AR0926 Quartz Black Dial Stainless Steel Case Stainless Steel Bracelet Watch
Emporio Armani AR0932 Stainless Silver Mens Watch
Emporio Armani AR0933 Classic Leather Men’s Watch
Emporio Armani AR0934 Mens Amber Brown Watch
Emporio Armani AR0936 Black Leather Mens Watch
Emporio Armani AR0937 wrist watch man black steel chronograph watch
Emporio Armani AR1400 Men’s Ceramic Black Chronograph Dial Watch
Emporio Armani AR1403 Men’s Ceramica White Dial Bracelet Watch
Emporio Armani AR1404 Ceramic Mens Stainless Steel Watch
Emporio Armani AR1406 Mens Marco Black Watch
Emporio Armani AR1408 White Ceramic Mens Watch
Emporio Armani AR1410 Men’s Ceramic Black Chronograph Dial Watch
Emporio Armani AR1411 Women’s Ceramica Chrono Watch
Emporio Armani AR1412 Women’s Ceramic Black Dial Watch
Emporio Armani AR1413 Sport Watch Quartz Chronograph Black Analog Mens
Emporio Armani AR1416 Quartz White Dial Men’s Watch
Emporio Armani AR2006 Super Slim Mens Designer Watch
Emporio Armani AR2007 Slim Leather Mens Watch
Emporio Armani AR2008 Men’s Classic Roman Numerals Silver Dial Watch
Emporio Armani AR2010 Men’s Slim Stainless Steel Watch
Emporio Armani AR2011 Super Slim Mens Designer Watch
Emporio Armani AR2012 Silver Strap Black Dial Watch
Emporio Armani AR2014 Men’s Silver Stainless-Steel Quartz Watch
Emporio Armani AR2016 Men’s Classic Mesh Goldtone Mother-Of-Pearl Dial Watch
Emporio Armani AR2020 Round Case Leather Strap Watch
Emporio Armani AR2022 Super Slim Stainless Steel Watch
Emporio Armani AR2023 Men’s Classic Stainless Steel Bracelet Watch
Emporio Armani AR2026 Men’s Classic Stainless Steel Watch
Emporio Armani AR2027 Men’s Classic Black Leather Watch
Emporio Armani AR2028 Gents Classic Watch Black Stainless Steel Mesh Bracelet
Emporio Armani AR2030 Black Leather Mens Watch
Emporio Armani AR2032 Men’s Rectangular Amber Dial Watch
Emporio Armani AR2034 Men’s Quartz Watch Leather Strap
Emporio Armani AR2036 Gents Stainless Steel Watch with White Dial
Emporio Armani AR2041 Super Slim Mens Designer Watch
Emporio Armani AR2043 Super Slim Mens Designer Watch
Emporio Armani AR2053 Men’s Silver Stainless-Steel Quartz Watch
Emporio Armani AR2055 Super Slim Silver Dial Mens Watch
Emporio Armani AR2411 Men’s Leather Strap Watch
Emporio Armani AR2413 Watch Men’s Brown Leather Strap
Emporio Armani AR2415 Mens Classic Steel Bracelet Watch
Emporio Armani AR2417 Classic Silver Dial Leather Mens Watch
Emporio Armani AR1700 Mens Black Valente Watch
Emporio Armani AR2421 Men’s Silver Stainless-Steel Quartz Watch Black Dial
Emporio Armani AR2423 Men’s Silver Stainless-Steel Analog Quartz Watch
Emporio Armani AR2425 Gold Plated Stainless Steel Men’s Watch
Emporio Armani AR2427 Classic Men’s Leather Dress Watch
Emporio Armani AR2429 Men’s Stainless Steel Black Leather Watch
Emporio Armani AR2430 Men’s Stainless Steel Bracelet Watch
Emporio Armani AR2431 Men’s Stainless Steel Watch
Emporio Armani AR2432 Men’s Chronograph Stainless Steel Black Leather Watch
Emporio Armani AR2433 Classic Mens Chronograph Designer Watch
Emporio Armani AR2434 Classic Chronograph Mens Watch
Emporio Armani AR2435 Men’s Chronograph Black Dial Stainless Steel Watch
Emporio Armani AR2436 Unisex Black Leather Quartz Watch
Emporio Armani AR2440 Men’s Black Dial Stainless Steel Watch
Emporio Armani AR2442 Classic Leather Strap Black Dial Men’s Watch
Emporio Armani AR2444 Classic Black Leather Date Strap Men’s Watch
Emporio Armani AR2447 Men’s Renato Chronograph Watch
Emporio Armani AR2448 Chronograph Mens Watch
Emporio Armani AR2452 Stainless Steel Pink Dial Men’s Watch
Emporio Armani AR3151 Diamond Mother Of Pearl Mens Watch
Emporio Armani AR4200 Mens MECCANICO Leather Strap Designer Watch
Emporio Armani AR4201 Meccanico Automatic Mens Watch
Emporio Armani AR4203 Mens MECCANICO Leather Strap Designer Watch
Emporio Armani AR4204 Black Leather Mens Watch
Emporio Armani AR4205 Mens Meccanico Leather Strap Watch
Emporio Armani AR4206 Mens Quartz Watch
Emporio Armani AR4207 Mens Meccanico Stainless Steel Designer Watch
Emporio Armani AR4208 Meccanico Men’s Watch
Emporio Armani AR4209 Meccanico Small Seconds Gents Watch
Emporio Armani AR4210 Brown Leather Meccanico Mens Watch
Emporio Armani AR4213 Classic Chronograph Black Dial Men’s Watch
Emporio Armani AR4214 Meccanico Mens Designer Watch
Emporio Armani AR4218 Mens MECCANICO Stainless Steel Designer Watch
Emporio Armani AR4219 Mens Rose Gold Classic Meccanico Watch
Emporio Armani AR4224 Meccanico Open Heart Mens Watch
Emporio Armani AR4226 Black Rubber Meccanico Mens Watch
Emporio Armani AR4228 Meccanico Automatic Black Leather Black Dial Mens Watch
Emporio Armani AR4229 Meccanico Automatic Brown Leather Yellow Dial Mens Watch
Emporio Armani AR4231 Mens Meccanico Rubber Strap Watch
Emporio Armani AR4601 Jungle Combat Mens Leather Wrist Watch
Emporio Armani AR4602 Black Leather Mens Designer Meccanico Watch
Emporio Armani AR4603 Men’s Watch Automatic Chronograph Watch
Emporio Armani AR4604 Meccanico Mens Watch
Emporio Armani AR4606 MECCANICO Leather Strap Mens Watch
Emporio Armani AR4607 Men’s Black Leather Quartz Watch
Emporio Armani AR4608 Meccanico Mens Designer Watch
Emporio Armani AR4609 Mens Meccanico Automatic Dk Blue /Black Leather Strap Watch
Emporio Armani AR4610 Meccanico Mens Stainless Steel Automatic Chronograph Mens Watch
Emporio Armani AR4611 Meccanico Gents Mens Watch
Emporio Armani AR4612 Meccanico Gents Mens Watch
Emporio Armani AR4613 Meccanico Gents Mens Watch
Emporio Armani AR4619 Meccanico Men’s Automatic Rose Gold Watch
Emporio Armani AR4620 Men Meccanico Calendar Watch
Emporio Armani AR4625 Meccanico Automatic Mens Designer Watch
Emporio Armani AR4627 Meccanico Mens Automatic Watch
Emporio Armani AR4628 Men’s Meccanico Black Leather Strap Watch
Emporio Armani AR4630 Meccanico Rubber Strap Watch
Emporio Armani AR4633 Gents Automatic Strap Watch
Emporio Armani AR4634 Meccanico Automatic Mens Designer Watch
Emporio Armani AR4635 Meccanico Automatic Black Men’s Watch
Emporio Armani AR4643 Men’s Meccanico Brown Dial Watch
Emporio Armani AR4644 Men’s Meccanico Brown Leather Strap Silver Dial watch
Emporio Armani AR5300 Striking gents dress watch
Emporio Armani AR5316 Mens Chronograph Sports Watch
Emporio Armani AR5321 Black Leather Chronograph Mens Watch
Emporio Armani AR5324 Men’s Stainless Steel Dial Watch
Emporio Armani AR5327 Stainless Large Gents Watch
Emporio Armani AR5328 Black Leather Mens Watch
Emporio Armani AR5329 Leather Gents Watch
Emporio Armani AR5330 Classic GMT Dual Time Gents Watch
Emporio Armani AR5331 Stainless Gents Watch

Posted by: Burberry BU1373 at May 8, 2014 8:06 AM
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