Sunday, March 3, 2013

Income & Mobility

It’s not that social mobility is impossible, but that the upwardly mobile American is becoming a statistical oddity.

According to research from the Brookings Institution , only 58 percent of Americans born into the bottom fifth of income earners move out of that category, and just 6 percent born into the bottom fifth move into the top. Economic mobility in the United States is lower than in most of Europe and lower than in all of Scandinavia.