Two Thirds of Americans Aren't Economically Mobile
Only about one-third of American families will surpass their parents in wealth and income and climb to a new rung on the economic ladder, a new study out today from The Pew Charitable Trusts concludes.
The study, titled "Pursuing the American Dream," (PDF), looks at how familes are doing today compared to how their parents did. It turns out most Americans are making a bit more than their parents, but most are not moving into a higher income bracket —say from the poverty-level, or the bottom one-fifth of earners, into the lower-middle class.
Read the full article at marketplace.org.
- Economic Mobility Project