Sunday, March 20, 2016
On the Fact that (According to a Recent Study by the Minnesota Fed) 44% of the Families in the Bottom Quintile in 2001 Were Out of that Grouping and Into a Higher One by 2007
So, in slightly more than a half decade, nearly 50% of the poorest families in the country moved forward economically. That's impressive, but I doubt that you'll ever hear Sanders or even Clinton bring it up in that it doesn't fit their narrative (we're an oligarchy and the system is rigged, yada yada). Yep, you really do have to unpack the data sometimes.....................................................................................................P.S. It's also important to point out that this same study showed that 34% of the families in the top quintile had also moved......DOWN and, so, no, the rich aren't getting richer anymore than the poor are getting poorer.
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