Four tips to help folks move up the economic ladder

We all know about the American Dream, right? Start out poor, work hard, become rich. But Diana Elliott, with the Pew Research Center’s Economic Mobility Project , says there’s a wide gulf between The American Dream Idea and The American Dream Reality.

“Many Americans believe that it’s possible to start poor and become wealthy over the course of a lifetime,” says Elliott. “But in fact, when we look at the data, we see that just 4% of Americans start at the bottom and make it all the way to the top in that next generation.”

So how did that 4% do […]