Earlier quoted context omitted.
FTA: The study focuses specifically on how the educational attainment of families changes over time, which the researchers use as a proxy for economic mobility. That use as a proxy has not been justified. It is a massive cognitive leap. Nobody brought up poverty in the article.
Also from the article >Research by economists from Harvard and Berkeley found that fewer than 10 percent of people in the bottom fifth of the wealth distribution will make it into the top fifth. Poverty is an arbitrary threshold. Its definition if you Google it is "the state of being extremely poor" and as you noted, you can eliminate poverty by reducing the threshold. This is why the article chose quintiles. As some…
TFA: Things weren't much better for the middle class: Only about 20 percent of people in the middle fifth would rise into the top fifth over the course of their lives.
Isn't that expected? If you were to just randomly toss names into a hat, and pull out people who would be ranked on the order in which they got pulled out of the hat, wouldn't that be what statistics would say would be the case?
There are lies, damn lies, and statistics.
> As for living better than Aztec kings, that's too sweeping a claim. Aztec kings might not have been able to enjoy hot pockets or McDonalds, but they knew they were going to have dinner every night.
Anybody in the United States can scrounge one meal a day. It might not be the best food, and not to your liking, but it would be food none the less. The main thing that makes people feel poor is that other people have more than they do.