
Low income teenagers: Follow these 3 rules that together all but guarantee you’ll not be poor
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