(Community Matters) A new study on income mobility shows where children are raised makes a significant difference in the likelihood they will rise in family income levels – the determinants appear to include: strong school systems, low & middle income families interspersed, and the quality of public transit.
both liberals and conservatives have grown worried about diminished opportunities following more than a decade of disappointing economic growth. After years of focusing more on inequality at a moment in time, economists have more recently turned their attention to people’s paths over their lifetimes.
In previous studies of mobility, economists have found that a smaller percentage of people escape childhood poverty in the United States than in several other rich countries, including Canada, Australia, France, Germany and Japan. The latest study is consistent with those findings.
Hat Tip: Lynn Meredith