The Middle Class Shrinks and Income Segregation Rises
A new Pew Research Center report shows that the share of upper-income households living in neighborhoods that are mainly upper income has risen from 1980 to 2010, as has the share of lower-income households living in neighborhoods where most other households are lower income. Income segregation also has grown in most of the nation’s largest metropolitan areas.
Lifetime Earnings of College Graduates
A new Pew Research Center analysis, using Census Bureau data, estimates that the typical adult with a bachelor’s degree (but no further education) will earn $1.42 million over a 40-year career, compared with $770,000 for a typical high school graduate.
Is College Worth It?
College costs are rising, student debt is mounting, and most Americans say college fails to deliver good value for the money. Meantime, only 19% of college presidents say the U.S. system is the best in the world. However, more than eight-in-ten college graduates say college was a good investment for them personally.
Home Sweet Home. Still.
The collapse of the U.S. housing market has not shaken the public’s confidence in the investment value of homeownership.
Most Americans Moderately Upbeat About Family Finances in 2007
Most Americans are moderately upbeat about their family’s financial prospects in the coming year, with 57% expecting some improvement in their financial situation and another 10% expecting a lot of improvement.