A new study finds that the odds of moving up the income ladder are the same today as they were 20 years ago, says the New York Times.
A new study finds that the odds of moving up the income ladder are the same today as they were 20 years ago, says the New York Times.
The findings contradict widespread claims that a person’s chance for upward mobility is lower today than in the past.
The study also examined another report by researchers who had observed children born between 1952 and 1975. Combining those results indicates that intergenerational mobility rates have been steady for the last 50 years.
Absolute mobility — the measure of a person’s income compared to his parents’ — has also improved in recent years. Median family income is close to 12 percent higher today than it was in 1980, meaning that most adults have more disposable income than did their parents at the same age. The growth rate of that mobility has slowed, however, as economic growth has slowed. Source: NCPA
A new study finds that the odds of moving up the income ladder are the same today as they were 20 years ago, says the New York Times.
The findings contradict widespread claims that a person’s chance for upward mobility is lower today than in the past.
The study also examined another report by researchers who had observed children born between 1952 and 1975. Combining those results indicates that intergenerational mobility rates have been steady for the last 50 years.
Absolute mobility — the measure of a person’s income compared to his parents’ — has also improved in recent years. Median family income is close to 12 percent higher today than it was in 1980, meaning that most adults have more disposable income than did their parents at the same age. The growth rate of that mobility has slowed, however, as economic growth has slowed. Source: NCPA
