By Erika Eichelberger
Mother Jones | Mon Jul. 22, 2013
Income inequality in America is has spiked in the past three decades, and has only worsened since the recession. But that's not the only factor contributing to the deepening divide between the rich and poor. Recent research has shown
that Americans enjoy less social mobility than people in other
industrialized countries—in other words, American kids are less likely
than foreign kids to grow up to make more money than their parents. A new study
by a team of economists at Harvard and University of
California–Berkeley provides the most detailed look yet at patterns of
upward mobility in the US, shedding light on why it's not so easy to
pull yourself up by your bootstraps in the US of A.
The study's findings, which were first reported in the New York Times on Monday,
are based on millions of earnings records. Researchers found that
children born into the poorest 20 percent of households are least likely
to end up in the top 20 percent of income earners (more than $70,000 by
age 30) in the Southeast and the industrial Midwest. Upward mobility is
particularly lacking in Memphis, Indianapolis, Atlanta, and Columbus.
Poor children are most likely to be able to work their way to an
upper-income life in the Northeast, Great Plains and the West, including
in cites such as New York, Boston, Salt Lake City, Pittsburgh, and
Seattle. Here's what that looks like, via the Times:
Read more..
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