Income mobility enjoyed by most whites eludes blacks

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( ) A recently published longitudinal study by Cornell University shows that, by age 60, approximately 70% of all households will have experienced at least one year within the top 20th percentile of income. Moreover, 53% will have experienced at least one year within the top 10th percentile, and 36% will have experienced at least one year within the top 5th percentile.

These types of numbers suggest great opportunity for most people to achieve affluence at some point in their working career. Unfortunately, blacks are not allowed this opportunity at the same rate as the general population. The authors of […]