Because the news should be objective, clear, and data-driven.
Educational mobility is quite low in the US, where the majority of people attain the same level of education as their parents, or worse. In other words, most people from uneducated families stay that way and vice versa.
–from The Economist
Tags: education, higher education, social mobility Posted in Education, Inequality | Leave a Comment »
Scotland votes on whether to secede from the United Kingdom tomorrow and, if they do leave, they will join a vast array of former UK nations, starting with the United States in 1776 and continuing for hundreds of years and on every continent.
Tags: Independence, Scotland, United Kingdom Posted in Canada, Global - Socioeconomic, Maps | Leave a Comment »
Half of Americans under age 35 have a net worth of $10,400 or less, compared to average $81,200 for all families. Strikingly, Americans with a college degree have a median wealth $167,000 higher than those with only a high school diploma.
–from The Wall St Journal
Tags: debt, income inequality, millenials, wealth Posted in Inequality | Leave a Comment »
Americans working full time work an average of 47 hours per week. Full time hourly employees work 44 hours a week. Other than a slight decline in 2003, full time employees have worked this many hours for more than a decade.
Tags: employment, jobs, work Posted in Employment | Leave a Comment »
Approximately 26% of children in households making more than $200,000 attend private schools. New Orleans has the highest percentage of children in high schools, at 25%. Click through to read the excellent, broad study of America’s private school market. The linked study does not cover charter schools, which are an important, free alternative to poor traditional public schools.
–from The Atlantic
Tags: education, private school, schools, wealth Posted in Education | 1 Comment »
The likelihood of gentrification is dependent on many variables, but one major indicator is racial composition. The likelihood of a neighborhood drops dramatically if more then 40% of the neighborhood is black. Likewise, neighborhoods with fewer than 35% white residents were significantly less likely to have gentrified between 1996 and 2009. Gentrification, it seems, can reinforce old borders of inequality.
–from The Atlantic’s CityLab
Tags: gentrification, housing, Inequality Posted in Housing, Inequality | Leave a Comment »
Since 1989, De Beers has lost much of its diamond market share, falling from a high of 81% in 1989 to 36% today. When their new Canadian mine opens, they are expected to increase to 40%.
–from Paul Zimnisky
Tags: debeers, diamonds, market share Posted in investments | Leave a Comment »
The current ebola outbreak in Western Africa and Nigeria is the worst to day by a very large margin. More then 1,200 have been infected so far. More than twice the previous high infection count are already affected and it shows no signs of stopping.
–from the WHO
Tags: africa, ebola, health, outbreak Posted in Health | 1 Comment »
American median household wealth has declined 20% since 1984, in 2013 dollars. While the 75 percentile and higher gained wealth since then, the majority of Americans lost money over those thirty years. As a striking example, the median wealth fell from $87,992 in 2003 to $56,335 today.
Tags: investments, money, wealth Posted in Inequality, investments | 1 Comment »
Fuel efficiency in American automobiles has been rapidly increasing since 2007, when the US passed a law requiring a MPG of 35 by 2020. It had previously spiked in the 1970’s from similar legislation, but stagnated for decades before the recent run-up.
Tags: cars, fuel efficiency, gas, vehicles Posted in Energy | Leave a Comment »