Saturday, March 07, 2015
"How Black Middle-Class Kids Become Poor Adults"
I found this article by Gillian B. White, The Atlantic posted at MSN.com:
"But perhaps what's most unsettling about the current economic climate in black America is that when black families attain middle-class status, the likelihood that their children will remain there, or do better, isn't high.
'Even black Americans who make it to the middle class are likely to see their kids fall down the ladder,' writes Richard Reeves, a senior fellow at the Brookings Institution. In a recent blog post Reeves says that seven out of 10 black children who are born to families with income that falls in the middle quintile of the income spectrum will find themselves with income that's one to two quintiles below their parents' during their own adulthood."