Anonymous wrote:No one would care about the "achievement gap" if low "achievers" were given decent jobs for decent pay.
This, but also, let's stop pushing kids into college and even into high school. We have so many schools in EU where kids can get a trade and a high school diploma in 4 years. Those have an extra year to mature and they still have an opportunity to continue on to college. Not sure where those schools are here.
Instead of high school math, why not teach adulting (is that a word? me foreigner) and math combined with personal finance.
I have been a low income earner since I moved here ca 25 years ago. If I hadn't made some of the financial mistake and had better understanding how money works here, I'd be a millionaire. I was extremely careful building my credit and never paying anything late but even I got taken to the cleaners a few times for not knowing any better.
Everything here is set up to fail the poorest and least educated when they start their grown-up lives. The worst culprits are the creditors and anyone selling anything.
Building wealth on low income is possible, but there's also a lot of wage theft. I did not get paid in one job by employer (just tips), two paid me when they felt like it and still owe me , and two cost me more to go to work than to stay home. I worked myself sick twelve hour shifts making $40-80 a day.
It is close to impossible to come out all this in en expensive city like DC. Add a few economic downturns, 1-2 kids, and why shouldn't poor people have kids, few health problems, friends and family who need help, and one can never come out of it.
Poor people also have this distrust of the rich and I don't blame them. Every small business owner who hired me, worked me to death and I didn't want to come across as a bad worker. No break in twelve hours. Imagine that. Sent me to ER several times. I did not know there were rules and law to protect me.
I have zeros in my SS statement for two years and I know I was working full time and where.
The same person didn't pay for a week of training. As I remember, the law didn't require him to do so.
Low income people are the ones who work jobs without contract and get screwed. I have never had a 401k offered at work or any other benefit except food, and even that not always. It is not always a new iPhone that makes us poor, but the money we don't even get for the work we did.
I still work work in the same industry, but finally for a person who doesn't cheat his employees.
I came out it and my net worth is closing on seven figures soon, but I don't know anyone else who did it on low income. I don't blame the income even as I can still cut back and make it. I blame not getting paid or being robbed of my wages that made it more difficult.