According to the Pew Economic Mobility Project.
Children raised in high-income families who do not earn a college degree are 2.5 times more likely to end up wealthy than low-income students who graduate from college. While it isn’t a shocker that the richest kids grow up to be rich, it is alarming that higher education the cornerstone of the American Dream, isn’t exactly what is was chalked up to be for low-income children. As David Leohnardt of the New York reports 24 percent of high-achieving low-income student6s attend selective colleges, compare to 78 percent of high-achieving high-income students.
The college graduation gap between rich and poor is widening.
New York (CNNMoney) it’s getting more difficult for low-income graduates to climb the economic ladder as the college graduation gap between the rich and poor grow.
While more students from all backgrounds are finishing college, the difference in graduation rates between the top and bo0ttom income groups has widened by nearly 50%over two decade.
The working poor are disproportionately from minority families, researchers find
By Tiffay Hsu
Minority workers are expected to make up the majority of the American workforce. But today, their families are far more likely to be poor than their white counterparts, according to an analysis of Census data released recenty.
The study, by the Working Poor Families Project, showed that working poor families are three times more likely to be headed by a minority parent.
In California, 44 of families headed by a working minority parent are considered low-income, compared to 6 of white families, researchers found.
Nationally, a majority of 10.6 million low-income families are headed by minorities the study found. The national wage threshold for a four-person family with to children to be considered low-income in 2013 was 47,248.