The most recent Census Bureau data … sorts households by income quintile … the highest quintile are “rich” households and the lowest quintile are “poor” households.
A fundamental conclusion drawn from the data: if you want to be rich, it helps to have a job and be married to someone who has one, too.
Let’s dive into some of the details …
According to an analysis of census data done by economist Steven Moore …
Only 1 in 20 poor households have two wage earners.
6 out of 10 poor households have no one working at all
On average, there’s less than 1/2 of a worker in a poor household … 4/10ths to be precise.
75% of rich households have 2 or more workers.
The average rich household has an average of almost exactly 2 full-time workers.
Think, husband and wife.
Married couples are almost five times more likely to be in the highest income quintile than in the lowest quintile.
Bottom line: The best anti-poverty program is getting a job and getting (and staying) married …
Shocking, isn’t it?