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Compared to their wealth and capital gains, their spending is almost too small to be noticed. For most Americans, savings are closer to 0-2% of their income while for the richest the saving rate is as high as 60%.
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By Cindy Long. Ask Americans what they think of public education and their answers may surprise you. According to the “2009 phi delta kappa/gallup Poll of the Public’s Attitudes Toward the Public Schools,” Americans think more money should be spent on early childhood education; they’re weary of the No Child Left Behind Act; and they feel inadequate funding is the biggest problem facing.
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But there is less equality of opportunity in the US today than there is in Europe – or, indeed, in any advanced industrial country – and none of the resulting inequality in income and wealth is.
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