a thoughtful web.
Share good ideas and conversation.   Login or Take a Tour!
comment by mk
mk  ·  2583 days ago  ·  link  ·    ·  parent  ·  post: What's more important: A college degree, or being born rich?

Since people can transfer wealth between generations, this seems inevitable. A college education is a good thing, but it's hardly surprising that it doesn't compete with what comes with a parent in the top quintile.

This reminds me of a quote from The Heist: "Everybody needs money. That's why they call it money."

I'm actually surprised that more than 41% that start in the top quintile can't stay there. Perhaps more interesting would be to look at 10% divisions rather than 20%. Making more than 80% of the country is nothing like making more than 99% of the country.