Study: 33 Percent Of Americans Raised Middle Class Move Downward As Adults
That headline may not seem significant, but here's how Pew Charitable Trusts sells its finding that 33 percent of adults who grew up middle class end up sliding downward:
The idea that children will grow up to be better off than their parents is a central component of the American Dream, and sustains American optimism. However, Downward Mobility from the Middle Class: Waking up from the American Dream finds that a middle-class upbringing does not guarantee the same status over the course of a lifetime.
The report, released yesterday, was based on a group of 12,000 participants researchers have followed since 1979. Researchers found that there are a few factors in determining who will move from middle to bottom class.
Read the full article at npr.org.
- Economic Mobility Project