5 Ideas You Need to Rise From Poverty to the Middle Class
Gregory Alan Bolcer stashed this in Groupthink
Source: pjmedia.com
Stashed in: Economics!, For Milo, Poverty, For Conrad, Parenting, Economics
To save this post, select a stash from drop-down menu or type in a new one:
"Untether..."
So apparently 1 in 6 people do rise out of poverty to middle class:
The Pew Charitable Trusts’ Economic Mobility Project has found that if you were born in 1970 in the bottom one-fifth of the socioeconomic spectrum in the U.S., you had only about a 17% chance of making it into the upper two-fifths.
And the list is good advice for anyone, not just people in poverty:
5. Understand value and how to create it.
4. Untether from your class.
3. Live within your means.
2. Live intentionally.
1. Seek advice from successful people.
This is great advice in theory. Hard to do in practice -- especially when you're struggling paycheck to paycheck!
1:14 PM Feb 04 2013