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.
Read the full article at economywatch.msnbc.com.
- Economic Mobility Project