Originally published on Wed February 27, 2013 11:37 am
Bidding an emotional farewell to a huge crowd gathered in The Vatican's St. Peter's Square, Pope Benedict XVI indirectly acknowledged Wednesday that his nearly 8 years as head of the Roman Catholic Church have not always been easy.
Most Americans are earning more money than their parents, according to a new study from Pew's Economic Mobility Project. But those gains don't tell the whole picture.
Let's start with the good news. The Pew Charitable Trust study looked at actual pairs of children and parents. Around age 40, 83 percent of the children were earning at least a thousand bucks more than their parents were when they were 40.