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University of Wisconsin–Madison
Poverty-related issues in the news, from the Institute for Research on Poverty

Economic Mobility

Economic mobility: Who gets left behind, By Tami Luhby, July 10, 2012, CNN Money: “Most Americans make more than their parents did, but that doesn’t mean they’re all moving up the economic ladder. Some 84% of Americans have higher family incomes than their parents had at the same age, according to a new report from the Pew Economic Mobility Project. And 93% of those who grew up in the poorest fifth of the income ladder exceed their parents’ family income as adults. But out-earning their parents hasn’t helped many of them climb out of poverty, as many poor American families remain stuck at the bottom of the income barrel. Some 43% remain in the lowest quintile. . .”