Posted by Warm Southern Breeze on Sunday, November 18, 2012
Like it, love it, or hate it… there must be something to 1.) Richard Nixon’s “Southern Strategy,” and; 2.) The line made famous (or infamous, depending upon one’s perspective) by then-Washington Post reporter Michael Weisskopf in 1993 about being “largely poor, uneducated, and easy to command.“ And, for the readers’ benefit, in context, he wrote, “Corporations pay public relations firms millions of dollars to contrive the kind of grass-roots response that Falwell or Pat Robertson can galvanize in a televised sermon. Their followers are largely poor, uneducated, and easy to command.”
— Washington Post reporter Michael Weisskopf in a February 1, 1993 news story.
America’s Best (and Worst) Educated States
Published October 15, 2012
24/7 Wall St., Michael B. Sauter and Alexander E.M. Hess
The number of Americans with college degrees has increased steadily in the last decade. According to the latest government data, 28.5% of U.S. residents 25 or older had at least a bachelor’s degree in 2011, up only slightly from 27.2% in 2005. While the number is relatively unchanged, there are substantial differences across the country. In West Virginia, the state with the lowest graduation rate, 18.5% of adults have at least a bachelor’s degree. In Massachusetts, the state with the highest graduation rate, the figure is 39.1%.
Best & Worst educated states & Presidential voting record
This article was originally published by 24/7 Wall St.
Based on education data from the U.S. Census Bureau’s’ American Community Survey, 24/7 Wall St. identified the U.S. states with the largest and smallest percentages of residents 25 or older with a college degree or more.
The difference in median income between those with only a high school diploma and a college degree is dramatic. The median pay for U.S. adults with just a high school diploma was $26,699 in 2011. For those 25 or older with a bachelor’s degree, median annual earnings came to $48,309. Residents with a graduate or professional degree did even better; median annual earnings was $64,322.
Differences in poverty rates related to education are just as dramatic. For U.S. adults with at least bachelor’s degrees, the percentage living in poverty in 2011 was just 4.4%. For adults with only a high school diploma, 14.2% were living below the poverty line.
The effects of wage gap by education becomes clear when comparing the states by graduation rate. Of the 10 states with the largest percentage of college-educated residents, eight are in the top 10 for median income. Among the worst-educated states, eight are among the 10 with the lowest median income.
24/7 Wall St. reviewed the percentage of U.S. residents 25 or older with at least a bachelor’s degree for 2011 from the annual American Community Survey. From that survey, we obtained Read the rest of this entry »
Posted in - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know, - Read 'em and weep: The Daily News | Tagged: Alabama, American Community Survey, Bachelor's degree or higher, college, education, High school diploma, higher education, Household income in the United States, investment, Louisiana, Michael Weisskopf, Minnesota, money, New Hampshire, New Jersey, New York, opportunity, Richard Nixon, Tennessee, U.S. Census Bureau, United States, United States Census Bureau, university | 1 Comment »
Posted by Warm Southern Breeze on Sunday, September 16, 2012
Can anyone say “Banksters”?
Highlights From Census Report on Income, Poverty and Health Insurance
September 12, 2012, 11:00 AM, By Ben Casselman
The Census Bureau today released its annual report on income, poverty and health insurance, the most detailed look at Americans’ household income. A few early takeaways:
Real income fell
Inequality rose. Income inequality, as measured by the Gini index, rose 1.6% in 2011 from 2010, the first annual increase since 1993. Other measures of inequality also increased. The top 5% of earners—those making $186,000 or more—received 22.3% of all income in 2011, up from 21.3% in 2010.
Urban residents took the biggest hit to income. Households in principal cities saw their inflation-adjusted income decline by 3.7% in 2011, versus a 2.2% decline for those living in metropolitan areas (including both cities and suburbs). Incomes for those living outside of metropolitan areas were broadly flat. But Read the rest of this entry »
Posted in - Read 'em and weep: The Daily News | Tagged: Economic inequality, Gini coefficient, health insurance, Household income in the United States, insurance, Poverty threshold, United States, United States Census Bureau | Leave a Comment »
Posted by Warm Southern Breeze on Tuesday, April 26, 2011
This is the second in a multi-part series about our national economy.
How we are affected by downturns, spikes and elevations in the economy individually/personally and as families/communities has great similarity across a wide spectrum. But perhaps most importantly, in this instance, once we know the problem, or the causes of the problems, we also know the solutions. That is the natural corollary to identifying those problems.
The CIA World Factbook – which is available online at https://www.cia.gov/library/publications/the-world-factbook/geos/us.html – indicates that “Since 1975, practically all the gains in household income have gone to the top 20% of households.“
The next question that arises from that fact is this: Why?
The Central Intelligence Agency offers this explanation: Read the rest of this entry »
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