atomic_fungus (atomic_fungus) wrote,
atomic_fungus
atomic_fungus

#4708: This isn't even remotely surprising.

Will County, Illinois, is where the bunker is. And what does it say?
Will County is extremely bad for income mobility for children in poor families. It is among the worst counties in the U.S.

Location matters – enormously. If you’re poor and live in the Chicago area, it’s better to be in DuPage County than in Cook County or Will County. Not only that, the younger you are when you move to DuPage, the better you will do on average. Children who move at earlier ages are less likely to become single parents, more likely to go to college and more likely to earn more.

Every year a poor child spends in DuPage County adds about $200 to his or her annual household income at age 26, compared with a childhood spent in the average American county. Over the course of a full childhood, which is up to age 20 for the purposes of this analysis, the difference adds up to about $3,900, or 15 percent, more in average income as a young adult.
In fact, in order to get away from the "extremely bad" monicker you need to come from a family that earns in the top 25%, and at that it's still "very bad". Now, the children of the 1%, for them it's about the same.

In Illinois, the rich don't get richer, but the poor sure get poorer.

If you need the terms defined, try this:
For a family with a parent in his or her 40s, the 25th percentile corresponds to an annual income of about $30,000; the 50th percentile to about $60,000; the 75th percentile to about $100,000; and the top 1 percent to more than $500,000. Estimates are based on children born between 1980 and 1986, and their neighborhoods in the 1980s and 1990s. Median rent is for 2000, in 2012 dollars. At the 25th percentile, the margin of error for each of the county estimates is around $1,100.
So if you earn $500,000 per year, you're in the top 1%--and sad to say that makes you "rich" no matter what you happen to think of it.

It's a bucketload of dicks, but that's what Democrat rule of Illinois has gotten us.

* * *

We're one step closer to asteroid mining! Go, human race!
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