Thursday, December 27, 2012

Children from wealthy families earm increasingly more than children from poorer families

This graph was offered by MIT economics professor Michael Greenstone:



This graph shows that children born to families on the high end of the earnings distribution have more resources available than did their counterparts in 1975, while children on the low end of the spectrum have fewer resources than low-income families in 1975. While there have been great increases in inequality over the last several decades, the figure suggests that further increases may be in store during the coming decades.”