Last week I read an article in the WSJ that said of the "rich" countries, people are least likely to be born poor and move into the middle or upper class if they are from the United States or Britain. In contrast, Canada and the Nordic countries are the most mobile societies. A reprint that doesn't require a WSJ subscription can be found here: http://www.post-gazette.com/pg/05133/504149.stm This article was brought to mind by Intercst's thread on social status.
I think back to when I started college in the early 70s at the University of Minnesota. Tuition was 160 a quarter ($480 a year). Now I understand it is about $8000 a year--far outpacing inflation.
The current administration policies on tax and what to spend money on don't help either. This is one of the reasons I support an estate tax.
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