Mobility… and Presidents
I've been reading a lot about the end of the American Dream. Class mobility? A myth. The idea that hard work and good choices lead to success? A lie meant to placate the masses. Yet, as I've written before, there is ample evidence that hard work, a stable family, and some relatively simple choices do lead people in the middle class. See: http://almostclassical.blogspot.com/2011/03/wealth-disparity-myths-and-realistic.html As I wrote in that post: 86% of the wealthiest households are married couples. 20% of the poorest households feature a married couple. $56,000 is the median income for a person with a bachelor's degree. $19,000 is the median income for someone without a high school diploma. $36,000 is the median income for someone with a two-year college degree or technical certification. The basic formula for reaching the upper-middle class (or better): get a degree, get married (and stay married), exercise, and avoid "bad" habits (smoking, drugs,...