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November 25, 2016

According to a recent study by the Federal Reserve Bank of St. Louis, family wealth generally increases with education. This is true within every major racial and ethnic group in the U.S. However, there are two important respects in which education’s association with wealth differs systematically by race and ethnicity. First, at every level of educational attainment, the wealth effects of education for Hispanics and African-Americans are lower than they are for non-Hispanic whites and Asians. Second, Hispanics and blacks see smaller increases in wealth than do whites and Asians when moving to a higher level of education. While more education is associated with more wealth among all races and ethnicities, the links are different. For reasons we do not fully understand, the typical wealth effects of education appear to be lower and shallower for Hispanics and blacks.


The website Dollar Street provides a snapshot of global wealth stratification. Anna Rosling Rönnlund, the cofounder of the Sweden-based Gapminder Foundation, developed the project in 2014; since then, her team of photographers has traveled to 200 homes in 50 countries. They spend at least a day in each home, interviewing the family and taking pictures of household objects—from stoves to toothbrushes to toilets to telephones—that fall into the 135 categories that Dollar Street uses as points of comparison.

 Live Webinar
Site Selection: How to Connect your Site to the Prospective Business
Thursday, December 8, 2016 | Noon - 1pm
Presented By:
Cheryl Welge, Senior Business Development Executive, Economic Development Dept. (Ameren Corporation)

Join us for a discussion with Cheryl Welge on the next Local Government Education webinar, the final in our Fall series on economic development in Illinois.  Cheryl Welge, an expert in site selection, will be presenting a more detailed discussion of the site selection process.  In the previous site selection webinar, we covered the state and technical aspects of Location One and site selection in Illinois. During this upcoming webinar, Cheryl will share her expertise on capacity requirements for site selection from the site selector perspective.

December 3 - Putting Small Acres to Work - NIU Rockford Meeting and Conference Center
December 8 - Site Selection Webinar - Noon - 1 p.m.
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Rural Partners · 3085 Stevenson Drive, Suite 200 · Springfield, IL 62703 · USA

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