Study: Upward Mobility No Tougher In U.S. Than Two Decades Ago

The study did reveal widespread disparity in upward mobility based on geography. For those hoping to climb the economic ladder, San Francisco is one of the best places to live, the study found.

A new study finds that contrary to widespread belief, it’s no harder to climb the economic ladder in the United States today than it was 20 years ago. But the study did find that moving up that ladder is still a lot more difficult in the U.S. than in other developed countries. Economists have been looking into the issue of U.S. economic mobility for a long time. But they’ve often been hampered by the lack of adequate data, says Gary Solon, an economics professor at Michigan State University. He calls the study released this week much more comprehensive than […]