The majority of the bottom quintile do not stay in the bottom quintile. The movement from bottom to each of the higher quntiles is quite similar to the movement

The majority of the bottom quintile do not stay in the bottom quintile. The movement from bottom to each of the higher quntiles is quite similar to the movement from the top down. Here is one look at it [1] [1] http://www.frbsf.org/economic-research/publications/economic-letter/2013/march/us-economic-mobility-dream-data/ http://www.frbsf.org/economic-research/publications/economic...