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Work hard, and you too can be rich

Photo by Istvan Markus

Question 1:

According to research done by American University's Tom Hertz, working your way to riches and fame may not be in your future. Children born to a middle class family who brings in $42k to $54k, have what chance of making into the top income bracket?

	1.8% of making it into the top 5% of earners			7% of making it into the top 5% of earners

	5% of making it into the top 5% of earners

Question 2:

"Education, race, health and state of residence" are four key factors in which parents pass on wealth influences to their children. Given those factors, in what part of the U.S. is the opportunity the highest for upward mobility?

	The West			The Northeast

	The South			The Midwest

Question 3:

Between 1979 and 2000 the real income of the bottom 20% of wage earners grew by 6.4%. In the same time period, how much did income change for the top 5% of wage earners?

	Incomes dropped			Incomes rose substantially

	Incomes stayed flat

Question 4:

Intergenerational mobility, the ability for children to move up in income, based on where their parents started out, is taking heat in the United States. Which of these countries below have higher levels of intergenerational mobility than the U.S.?

	All of them			Canada

	France			Norway