Re:Why it's expensive to be poor
by mseebach on Thursday May 21, 2009 @09:47AM
(#620423)
> "France, Germany, Sweden, Canada, Finland, Norway, and Denmark all have more relative mobility than the US, while only the United Kingdom is shown to have less mobility"
The key is the word relative. It's extraordinarily difficult to move out of the middle class, in both directions (up: tax, down: welfare). The difference between lower and upper middle class is maybe $75-125k income/yr, and completely reasonable to navigate.
The key is the word relative. It's extraordinarily difficult to move out of the middle class, in both directions (up: tax, down: welfare). The difference between lower and upper middle class is maybe $75-125k income/yr, and completely reasonable to navigate.