Earnings in the U.S.: A Game of Chutes and Ladders

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Earnings in the U.S.: A Game of Chutes and Ladders
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Making it to the top may be the American dream. But getting there is easier than staying there.

  • 📰 WSJ
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Making it to the top may be the American dream. But getting there may be easier than staying there.

Over roughly 40 years, 70% of the population made it into the top 20% of earners for at least one year, according to researchers at Cornell University and Washington University in St. Louis. But only about 21% remained there for 10 consecutive years, and even fewer clung to the top rung for a solid decade.

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A reminder that if you didn’t spend 5$ a day on coffee you could spend that $1,825 a year paying for...about 8 days of college.

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hence why realDonaldTrump is a genius, by definition.

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