State-Of-Black-Oregon-2015

UPWARD MOBILITY43%of Americans born into thebottom economic quintileremain stuck there as adultsAmong those born into the two lower quintiles,70% can’t even move tothe middle of the ladder.Stable family income makes possibleinvestments, such as college education, thatcan play a large role in upward mobility.College graduates, dual-earningfamilies and those who are continuouslyemployed have a more than an80% chance ofmoving up the ladderThis is not true for most of those withoutcollege, single-earning families and peoplewho’ve been unemployed.A study by the Pew Charitable Trust foundthat upward income mobility is not directlyrelated to personal savings and wealth.Instead, families with more savings can bettermake the investments, such as college costs,that lead to upward mobility. The parents ofthose who moved up had almost double theincome of those who remained in the bottom. 8119