ShooterTX said:BrooksBearLives said:How many "working poor" had a home they owned, a really good job before losing it and enough savings to get them through a couple years of unemployment?ShooterTX said:How about this then:BrooksBearLives said:bearassnekkid said:That is fantastic news. Thank you for posting that information so we could all see how it's dropped from 1 in 4 in 1986 to only 1 in 9 in 2017. We're on an awesome trend. Economy rolling, less regulation and taxation so more growth and increased jobs, more competition so rising wages. All good stuff. Keep America great!BrooksBearLives said:ShooterTX said:BrooksBearLives said:Baylor3216 said:BrooksBearLives said:
https://cew.georgetown.edu/cew-reports/schooled2lose/
Study: It's better to have rich parents than be smart
A recent report from the Georgetown Center on Education and the Workforce (CEW) finds that there is a correct answer to the often posed hypothetical of being born with a big brain or a big bank account.
The big picture: In "Born to Win, Schooled to Lose," researchers found that being born "affluent" but dim carries a 7 in 10 chance of reaching a high socioeconomic status as an adult, while being born intelligent but "disadvantaged" means just a 3-in-10 shot.
Details: "The study found that a kindergarten student from the bottom 25% of socioeconomic status with test scores from the top 25% of students has a 31% chance of earning a college education and working a job that pays at least $35,000 by the time they are 25, and at least $45,000 by the time they are 35," CNBC's Abigail Hess reports.
- "A kindergarten student from the top 25% of socioeconomic status with test scores from the bottom 25% of students had a 71% chance of achieving the same achievements," Hess writes.
How they did it: Researchers analyzed data from the National Center for Education Statistics (NCES), tracing students from kindergarten to adulthood, assessing how they did on standardized math tests.
Most of us learned long ago that the biggest impact on success is just showing up. Some put in the time, some just know how to whine
These people are showing up. 80+ hours a week AND THEYRE STILL POOR.
That's the problem.
The top 1% has earned $21 TRILLION dollars over the last 30 years.
The bottom 50% have LOST $900 million.
This isn't about "showing up." It's a lot harder to show up if the meeting room is on 57th floor and you can't walk because you're getting kneecapped on the way in the building.
That's total BS. No one who works 80+hours a week is poor for long.
You're just making up crap now.
1 in 9 full-time workers are still poor.
https://www.epi.org/publication/one-in-nine-u-s-workers-are-paid-wages-that-can-leave-them-in-poverty-even-when-working-full-time/
That's FULL TIME. There are absolutely people working multiple part time jobs and in poverty. 80 hours? Almost definitely. I personally know someone who works 60+ and is nearly homeless (in and out).
Your ability to willfully miss a point is truly amazing.
You bluster and weave and bully with such confidence, it's almost Impressive.
You just feel first and rationalize later.
In 2008, I lost my job in a massive wave of layoffs. It was the 8th round of layoffs in 18 months. I spent the next 2 years looking for a good job, and working 30+ hours doing whatever work I could find. At the end of 2009, I was informed that my family and I qualified for foodstamps and other welfare programs. I laughed because I still owned a home valued over $300k, and 2 cars valued over $70k. I also had about $10k left in my savings account. But I had 2 children and annual earnings below the poverty line for a family of my size.
So guess what.... I was your "working poor" for about 2 years. I never took government money. I sold my cars and bought cheaper, used cars. I put my house on the market, drained my savings, and started selling stuff around the house (computers, tools, guns, lawn mower, TV, stereo, etc.) We were about to agree to a lowball offer on my house when I got hired in a decent job. We continued to live poor, so that we could build up our savings again.
How many of your "working poor" are just like me? How many own a smart phone? A car? How many people with a job will remain poor for their entire lives?
Did you really look at the chart in the article?? The number of "working poor" is around 13% and dramatically DROPPING! And yet you want to change the policies which are causing the numbers to drop??
"Gee, things are getting better and better... we MUST do something different!" - stupid, stupid, stupid.
I don't think you know what "poor" means.
According to the study in the article YOU posted.... I was one of the working poor. That is my point. Not everyone included in that "working poor" definition is the super sad victim that you portray. Not by a long shot.
What? Did you actually read it? Current income was ONE facet. Total assets is another.
Now you're just being obtuse.