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Rags to Riches? That's Hollywood Fiction, Study Finds

Just 4 percent of people who grew up in the bottom fifth of the household income ladder made it to the top fifth as adults, according to a new long-term study showing the limits of American mobility.

“The rags-to-riches story is more often found in Hollywood than in reality,” said Erin Currier, project manager with the Pew Charitable Trust's Economic Mobility Project, which prepared the report.

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Economic Mobility Project

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