What Really Buys Happiness?
Not income equality, but mobility and opportunity
The United States is a rich nation getting richer. According to the U.S. Census, between 1993 and 2003 the average inflation-adjusted income in the top quintile of American earners increased 22 percent. But prosperity didn't end with the top earners: those in the middle quintile saw their incomes rise 17 percent, on average, while the bottom quintile enjoyed a 13 percent increase. This isn't a short-term phenomenon, either. In the 30 years leading up to ... Full Story »
Posted by Kaizar Campwala
