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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Nov. 30, 2007 / 20 Kislev 5768

Turning good news into bad

By Linda Chavez


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http://www.JewishWorldReview.com | With housing prices falling, energy prices climbing and the stock market on a roller coaster, it's no wonder many Americans are worried about their economic condition. But a new study on economic mobility in the United States suggests most of us are much better off than our parents were. Two out of three Americans have incomes higher than their own parents, and nearly 80 percent of children whose parents were in the poorest group of Americans in the late 1960s have higher income than their parents.


The study was published by the Economic Mobility Project, a consortium made up of researchers from four widely respected public policy groups: the conservative American Enterprise Institute and Heritage Foundation and the liberal Brookings Institution and Urban Institute. The data come from an analysis of over 2,300 native-born Americans who were under 18 years of age in 1968 who were included in the Panel Study of Income Dynamics. The PSID is an annual survey of 8,000 families and is considered one of the best sources available for longitudinal data on income, health and social behavior for a representative sample of Americans.


In 1968, median family income for the group was $55,600 (measured in inflation-adjusted 2006 dollars), compared with $71,900 today — a whopping 29 percent increase. But those numbers don't fully reflect how much better off families are today. Families in 1968 were larger on average, comprising 3.1 individuals in 1968 but 2.1 persons now. Since there are many more childless couples and single parents today, the average family's income is spread among fewer people.


And, since the study counted only cash income, it substantially understated the economic condition of the poorest families who receive non-cash assistance such as food stamps, subsidized housing and medical care. By all economic measures, the poor are better off today than they were a generation ago. Cash income alone among the poorest fifth of native-born Americans was up 18 percent in inflation-adjusted dollars during the period.


The findings will probably come as news to those Americans who think the middle class and poor are worse off today, a view Democratic politicians and the media hammer home every chance they get. The Washington Post, for example, headlined a story about the study by Post columnist Eugene Robinson "Tattered Dream," which argued that "the American Dream is nothing but false hope."

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Robinson latched onto the finding that only 6 percent of those persons whose parents were in the poorest fifth of American families in 1968 had managed to climb into the wealthiest fifth by the time they were in their late 30s or 40s. He doesn't bother to quote the study's finding that "[c]hildren born into the bottom fifth are more likely to surpass their parents' income than are children from any other group."


What seems to irk Robinson and others looking for bad economic news is the finding that income among the top two quintiles has gone up more than among the middle and lower two quintiles — 52 percent for the top fifth, 39 percent for the second fifth, while only 29 percent for the middle, 22 percent for the second lowest and 18 percent for the bottom fifth.


In other words, even though all Americans are much better off today than they were a generation ago, the most affluent Americans have improved their status relative to others. Robinson doesn't tell readers that more than 60 percent of children born into the wealthiest group don't stay there, slipping down into lower income groups, including almost one-in-ten who slip into the poorest fifth of Americans.


About one-third of all Americans are upwardly mobile, according to the study, meaning not only do they earn more money than their parents in absolute terms, but they improve their ranking relative to others as well. Another third, though their incomes are higher than their parents', remain at the same relative rank, and one-third slip into lower ranks than their parents'.


This seems to depict an almost perfectly mobile society, with equal percentages of Americans moving up, staying the same or moving lower in relative economic standing. But some folks, it seems, will always find a way to turn good news into bad.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.


JWR contributor Linda Chavez is President of the Center for Equal Opportunity. Her latest book is "Betrayal: How Union Bosses Shake Down Their Members and Corrupt American Politics". (Click HERE to purchase. Sales help fund JWR.)

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© 2006, Creators Syndicate

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