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> There are way more people who are born wealthy and continue being wealthy. There are way more people who go from poor to poor. Social mobility is piss poor ri
by smallgovt 8y ago
> There are way more people who are born wealthy and continue being wealthy. There are way more people who go from poor to poor. Social mobility is piss poor right now in the US.
Can someone please point me to a study that supports this claim? Based on the Pew Charitable Trust's latest economic survey, 57% of people born into the lowest quintile rise above it. And, 60% of people born into the highest quintile fall below it.
See Figure 3: https://www.pewtrusts.org/~/media/legacy/uploadedfiles/wwwpewtrustsorg/reports/economic_mobility/pursuingamericandreampdf.pdf https://www.pewtrusts.org/~/media/legacy/uploadedfiles/wwwpe...
I just started digging into the research surrounding economic mobility in the US, and it does not seem to substantiate the claim that the poorest class are just absolutely screwed.