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Study: Little Has Changed in Climbing the Economic Ladder

Income mobility hasn’t become tougher or much easier in the past three decades according to the National Bureau of Economic Research.

Credit: bloomfield.patch.com
Credit: bloomfield.patch.com

While more Americans believe that it’s tougher to move up the income ladder as the gap between the rich and the poor widens, one recent study suggest that economic mobility hasn’t changed dramatically for the past 3 decades nationally.

The National Bureau of Economic Research reports,  “the probability that a child reaches the top fifth of the income  distribution given parents in the bottom fifth of the income distribution is 8.4% for children born in  1971, compared with 9.0% for those born in 1986.”

According to the Pew Chartiable Trust, those who have a college degree are three times more likely to rise from the bottom of the income ladder all the way to the top, but living in high-poverty neighborhoods plays a significant part in their ability to move up the income ladder.

Nearly 50 million Americans lived in poverty in 2012, including 13 million children.

Do you think it's become more difficult to climb the income ladder? Tell us in a comment or a blog post.
Archie Bunker January 28, 2014 at 01:36 PM
What this shows is many people are "underemployed" or wages have not recovered since the crash of 2008. The stock market may have recovered but jobs and wages is still not progressing.
Get Off My Lawn January 29, 2014 at 12:07 PM
Top 1% Has 65 Times More Wealth Than The Bottom Half (And The Global Elite Like It That Way) Did you know that the 85 richest people in the world have about as much wealth as the poorest 50% of the entire global population does? In other words, 85 extremely wealthy individuals have about as much wealth as the poorest 3,500,000,000 combined do! These are the Bill Gates and Warren Buffett types who like to tell the rest of the world how to live while they exempt themselves from everything.
Archie Bunker January 29, 2014 at 12:36 PM
Nothing sharpens sight like envy.
Get Off My Lawn January 29, 2014 at 01:41 PM
All that is necessary for the triumph of evil is that good men do nothing.
Archie Bunker January 29, 2014 at 02:44 PM
What needs to be done against successful, wealthy people. Make them pay for everyone else?
Get Off My Lawn January 29, 2014 at 02:50 PM
I Think it's more important we first stop them from exterminating 75% of us "Useless Eaters" as they've been quoted as saying. These are evil People.
Archie Bunker January 29, 2014 at 03:14 PM
Please put your tin foil hat back on...
Get Off My Lawn January 29, 2014 at 06:24 PM
The following are 10 population control quotes which show that the elite truly believe that humans are a plague upon the earth and that a great culling is necessary… 1. UK Television Presenter Sir David Attenborough: “We are a plague on the Earth. It’s coming home to roost over the next 50 years or so. It’s not just climate change; it’s sheer space, places to grow food for this enormous horde. Either we limit our population growth or the natural world will do it for us, and the natural world is doing it for us right now” 2. Paul Ehrlich, a former science adviser to president George W. Bush and the author of “The Population Bomb”: “To our minds, the fundamental cure, reducing the scale of the human enterprise (including the size of the population) to keep its aggregate consumption within the carrying capacity of Earth is obvious but too much neglected or denied” 3. Paul Ehrlich again, this time on the size of families: “Nobody, in my view, has the right to have 12 children or even three unless the second pregnancy is twins” 4. Dave Foreman, the co-founder of Earth First: “We humans have become a disease, the Humanpox.” 5. CNN Founder Ted Turner: “A total world population of 250-300 million people, a 95% decline from present levels, would be ideal.” 6. Japan’s Deputy Prime Minister Taro Aso about medical patients with serious illnesses: “You cannot sleep well when you think it’s all paid by the government. This won’t be solved unless you let them hurry up and die.” 7. David Rockefeller: “The negative impact of population growth on all of our planetary ecosystems is becoming appallingly evident.” 8. Environmental activist Roger Martin: “On a finite planet, the optimum population providing the best quality of life for all, is clearly much smaller than the maximum, permitting bare survival. The more we are, the less for each; fewer people mean better lives.” 9. HBO personality Bill Maher: “I’m pro-choice, I’m for assisted suicide, I’m for regular suicide, I’m for whatever gets the freeway moving – that’s what I’m for. It’s too crowded, the planet is too crowded and we need to promote death.” 10. MIT professor Penny Chisholm: ”The real trick is, in terms of trying to level off at someplace lower than that 9 billion, is to get the birthrates in the developing countries to drop as fast as we can. And that will determine the level at which humans will level off on earth. Nuff' Said???
Archie Bunker January 30, 2014 at 09:45 AM
Hey, everyone is entitled to stupid opinions and to make stupid comments. Even comments made here! You apparently dislike "homosexuals", should they be in fear?
Get Off My Lawn January 30, 2014 at 12:06 PM
Speaking of population reduction.....lol.
Archie Bunker January 30, 2014 at 01:04 PM
Speaking of stupid

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