Lack of income mobility a growing problem
The bottom fifth in the U.S. looks very different from the bottom fifth in other countries...
Amid the political news, a must-read New York Times story on how it’s now much harder for Americans to move up the income scale.
From the story: “The bottom fifth in the U.S. looks very different from the bottom fifth in other countries,” said Scott Winship, a researcher at the Brookings Institution, “Poor Americans have to work their way up from a lower floor.”
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