Pew Study: Americans In The Northeast Have More Economic Mobility
A new study from the Pew Charitable Trusts finds economic mobility differs significantly across the United States. The report finds Americans are more likely to move up the economic ladder if they live in the northeast.
The states with the highest mobility rankings are Maryland, New York and New Jersey. During the 10-year period studied, residents there were more likely to have experienced stronger income growth and to have raised their economic standing relative to other Americans. People in those states were also less likely to be downwardly mobile. Connecticut, Massachusetts, Pennsylvania, Michigan and Utah also scored well.
"The fact that different state residents experienced different rates of mobility means where you live matters," said Erin Currier, director of Pew's Economic Mobility Project.
Nine states in the South, including Texas and Florida, had worse economic mobility than the national average. Oklahoma, Louisiana and South Carolina had the lowest scores. Currier says other Pew studies have identified the factors that most affect mobility.
"We know that there are certain drivers of mobility and they include things like educational attainment, savings and asset building and neighborhood poverty during childhood, among other things," said Currier.
Read the ful article at npr.org.