It may be hard for many poor teenagers to become rich, but it’s NOT too hard for most to join the middle class — IF they follow this simple advice from a Brookings study. https://www.brookings.edu/opinions/three-simple-rules-poor-teens-should-follow-to-join-the-middle-class/
EXCERPT:Drill into children the message that in a free society, they enter adulthood with three major responsibilities:
1. At least finish high school. 2. Get a full-time job. 3. Wait until age 21 to get married and have children.
Our research shows that of American adults who followed these three simple rules, only about 2 percent are in poverty and nearly 75 percent have joined the middle class (defined as earning around $55,000 or more per year). There are surely influences other than these principles at play, but following them guides a young adult away from poverty and toward the middle… Read More