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Fast Money & Foreign Objects
How the Other Fifth Lives
Thomas B. Edsall APRIL 27, 2016
For years now, people have been talking about the insulated world of the top 1 percent of Americans, but the top 20 percent of the income distribution is also steadily separating itself — by geography and by education as well as by income.
This self-segregation of a privileged fifth of the population is changing the American social order and the American political system, creating a self-perpetuating class at the top, which is ever more difficult to break into.
The accompanying chart, taken from
The Continuing Increase in Income Segregation,” a March 2016 paper by Sean F. Reardon, a professor of education at Stanford, and Kendra Bischoff, a professor of sociology at Cornell, demonstrates the accelerating geographic isolation of the well-to-do — the upper middle and upper classes (a pattern of isolation that also applies to the poor, with devastating effect).
http://www.nytimes.com/2016/04/27/opinion/campaign-stops/how-the-other-fifth-lives.html
continued in link and well worth the read
Thomas B. Edsall APRIL 27, 2016
For years now, people have been talking about the insulated world of the top 1 percent of Americans, but the top 20 percent of the income distribution is also steadily separating itself — by geography and by education as well as by income.
This self-segregation of a privileged fifth of the population is changing the American social order and the American political system, creating a self-perpetuating class at the top, which is ever more difficult to break into.
The accompanying chart, taken from
The Continuing Increase in Income Segregation,” a March 2016 paper by Sean F. Reardon, a professor of education at Stanford, and Kendra Bischoff, a professor of sociology at Cornell, demonstrates the accelerating geographic isolation of the well-to-do — the upper middle and upper classes (a pattern of isolation that also applies to the poor, with devastating effect).
http://www.nytimes.com/2016/04/27/opinion/campaign-stops/how-the-other-fifth-lives.html
continued in link and well worth the read
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what do you think money affords? Access to resources, social capital which is leveraged into actual capital, a lenient judicial system, etc.
