Tumblr Icon RSS Icon

U.S. Economic Mobility Lags Behind Other Industrialized Countries

By Marie Diamond on January 5, 2012 at 2:05 pm

"U.S. Economic Mobility Lags Behind Other Industrialized Countries"


google plus icon

The ability to rise from humble beginnings through hard work and perseverance is a core American ideal. But at least five studies in recent years have found that when it comes to economic mobility, the U.S. actually lags behind its peers in Canada and most of Western Europe. According to one, 65 percent of Americans born in the bottom fifth stay in the bottom two-fifths as adults, while 62 percent of those born in the top fifth of incomes stay in the top two-fifths. Today, the New York Times reports that because of mass unemployment and the Occupy movement, discussion about the mobility gap has taken center stage.

Corporate Profits Have Rebounded To Pre-Recession Levels, But Corporate Tax Revenue Hasn’t

Bank Of America Nearly Forecloses On Home Over 80 Cent Typo

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.