So used to be the top 1/5 of households In 1967. Today more than 2/3 of U.S. u.S. Households have inflation. That would put them there. 62% of all children who grew up in the poorest fifth of all households in the 70s and 80s worked their way up to a higher income bracket as adults. Some all the way up to the top quintile. Yet even as our economy has experienced. Broad based growth, real federal welfare spending has soared by what do you think the number is? (28:45–28:55)
CLAIM
Asserts that 62% of children from the poorest households in the 70s and 80s moved to higher income brackets as adults.
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