Gingrich backer willing to give $100M to benefit former House speaker

[bluedigger]

70. Yeah, anybody can "hope".

Actually achieving that success is another matter.

A recent article by Walt Gardner of Education Week, entitled “Policies Trump Schooling in Upward Mobility” states:

“In 2008, when 29.4 percent of the population held a college degree, the bottom 90 percent got less than 52 percent of the national income, according to the National Center for Educational Statistics. But in 1970, when only 11 percent of the population had a degree, the bottom 90 percent got 67 percent of the national income.”

These findings seem to be in line with the earlier international report “American Exceptionalism in a New Light: A Comparison of Intergenerational Earnings Mobility in the Nordic Countries, the United Kingdom and the United States” by Germany’s Institute for the Study of Labor, which claims:

“The main driver of the difference in the pattern of male intergenerational mobility in the U.S. from that of each of the other countries in our study is the low mobility out of the lowest quintile group in the United States. Indeed, it is very noticeable that while for all of the other countries persistence is particularly high in the upper tails of the distribution, in the U.S. this is reversed – with a particularly high likelihood that sons of the poorest fathers in the U.S. will remain in the lowest earnings quintile.”
http://www.nationofchange.org/republicans-and-myth-upward-mobility-1329412132