Wednesday, April 7, 2010

More Poverty Policy Links

-The Economist asks "Who's Rich?"  The middle three quartiles of household income (20th-80th percentiles) ranges from $20,000 to $100,000.  The health care bill focuses taxes on individuals earning over $200,000 per year and households earning over $250,000 per year.  The 95th percentile for individual income is $180,000 . . . meaning these taxes will impact very few Americans.

-Social Security was projected to begin taking in less money that it spends in 2016, but it appears it will instead do that this year -- largely because of the recession.  Not to fear, though, because of the large trust fund it's built up by running a surplus for the past few decades, the latest projection is that Social Security won't actually run out of money until 2037.

-The University of Cincinnati has housing specifically for first generation college students (the Gen-1 house) . . . largely b/c first generation students are four times as likely to drop out as other students . . . nationally, 89% of low-income first generation students fail to graduate in six years.

-Most importantly, as of 7pm Eastern, the Pirates are in first place in the NL Central.

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