Tag: socioeconomic status
In the late 1960s and 1970s, the U.S. Social Security Administration subsidized college expenses for young adults with deceased, disabled or retired parents who were receiving dependent benefits. The other requirements were that they were full-time students and remained single while they were in school. The baby boomers who participated in that program, which ended…
Birth is a sort of lottery. Babies may be born into wealth and privilege, poverty and struggle, or something in between. The question is whether, when they grow up, they will choose an occupation that improves on their parents’ circumstances. In other words, how upwardly mobile are they? Doing better financially than one’s parents is…
