Posted by "Compared with the middle class in other countries in the world, the middle-income people in the United States have much higher incomes——This argument is no longer valid."Harvard University economist Lawrence Katz said.
According to Pew's report, in 1971, about 61% of Americans belonged to the middle class. By 2019, the proportion of the middle class had fallen to 51%.
Based on the "long-term" standard, the American household income data agency PayScale pointed out that since 2006, theThe middle-income situation actually fell by 9%.
Research data shows that many middle-class American families are paying a high price for increasing social income inequality.
The headline published in the New York Times went straight to the point, "The aura of the American middle class has faded."1.
U.S. young generation's education level ranks bottom
The primary reason for this status quo,Is the national education level2.
The rate of improvement in U.S. education in the past three decadesFar belowMost developed countries make it more difficult for the U.S. economy to maintain its share of high-skilled, high-paying jobs.
Ethnicity, education level, and income comparison calculator
However, "If you want to go up, you have to start in the middle." Below is a calculator just released by the Pew Research Center, which will help us understand the current status of household income and whether it is considered a "middle class."
After we select the region and household tax income, the calculator will automatically modify the calculation results according to the cost of living in the region.
The first part shows the specific income class based on our family income.
In the second part of the calculation,The Chinese community can clearly see that more than 90% of the Asian population who have received college education and above belong to the middle and upper income class.
Article summary: Education is the best investment?
Whether it is from the results of the OEDC research survey or the income distribution diagrams of the various ethnic groups in the United States that have received higher education revealed by the calculator above, they ultimately point to "Education level"On this issue.
Really valuable goods and services are not cheap.Historical market data will also point out that looking at the past 30 years,American higher education tuition is the "luxury" in real life, with an increase of 374%.
Therefore, as an Asian group that has always attached importance to education, planning education funds for children in advance has become an indispensable part of the family's overall financial planning.The American Life Insurance Guide ©️Education fundIn the column, we also shared "Comparison of 5 kinds of education fund planning schemes and their advantages and disadvantages", "How to use insurance for children’s "education savings plan" and parents "retirement income '2 in 1'financial planning"And other column articles.
Finally, the editorial team selected an article about YC founder Graham on the topic of "the young generation in the U.S. ranks at the bottom of the education level" in the article.American Secondary EducationThe translation of the viewpoint, recommended to all readers, involves the following questions:
- Why is reading so unpopular?
- Smart is simply something insignificant?
- Only in a typical American middle school, being a smart student is a hassle, and your life will be very difficult.(End of the article)
>>>Click here to participate in reading and discussion<<
appendix
01. "The aura of America's middle class has faded", 04/25/2015, New York Times, https://cn.nytimes.com/usa/20140425/c25middle/
02. "Education at a Glance", 2020, OECD, http://www.oecd.org/skills/
03. "Why are nerds unpopular?", 02/2003, Paul Graham, http://www.paulgraham.com/nerds.html,
