Study debunks journalistic image of rich ‘Latte’ Democrats, poor ‘NASCAR’ Republicans

Fueled by the simplicity of red state-blue state election maps, some pundits have leaped to the conclusion that America is experiencing a landmark shift in traditional political allegiances, with poor, working-class voters leaving the Democratic Party to become “NASCAR Republicans” while wealthier voters join the ranks of an increasingly elite bunch of liberal, limousine-driving “Latte Democrats.” Not so, says the WUSTL co-author of a new study of how income influences state-by-state voting patterns. More …

Americans have the best chance of becoming wealthy if they marry but remain childless, study shows

Photo courtesy of Tom Paule PhotographyMarrying for love … and money.Becoming wealthy and creating a happy family are two key components to achieving the American Dream, but do marriage and children have any impact on your chances of becoming rich? “Marriage substantially increases a person’s likelihood of becoming affluent,” says Mark R. Rank, Ph.D., professor of social work at Washington University in St. Louis and co-author of a study out this month that looks at earnings over the course of a person’s lifetime. “Having children, however, significantly lowers the probability of becoming wealthy for all people,” Rank adds.