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Economic Mobility

Chart showing intergenerational mobility. 40% of children of parents in the top 20% are also in the top 20%. 40% of children of parents in the bottom 20% are also in the bottom 20%

Of course, the fact that mobility is possible doesn't mean it's actual.

In the US, if you're born in the poorest 20%, your odds of reaching the top 20% are only 4%

75% of children whose parents are in the wealthiest 25% earn college degrees by age 24.

33% of children whose parents are in the second 25% earn college degrees by age 24.

20% of children whose parens are in the third 25% earn college degrees by age 24.

10% of children whose parents are in fourth 25% earn college degrees by age 24.

Next: International inequality

Don't be deceived by the massive propaganda flows. There will always be people who don't go to college and do very well and there will always be people who go to college and do very poorly. That's not the issue. The issue is what the overall statistics say. And they are clear. The relationship between degrees and earnings is compelling. You can check it out here. In 2021, college grads earned $1.64 for ever $1 earned by those with only a high school degree. People with only a high school degree were 1.8 times more likely to be unemployed than college grads.