Pew Charitable Trusts study finds little social mobility in U.S. and children with rich parents are overwhelming likely to get rich

The Pew Charitable Trust and the Russell Sage Foundation examined the

Researchers examined the ‘transmission of economic advantage across generations using intergenerational elasticity estimates’ during the study

Pew Charitable Trust and Russell Sage Foundation’s Economic Mobility in the US study found half of parental income advantages are passed to kids

Are ‘among the lowest estimates of economic mobility yet produced’ Children with parents in 90th income percentile are likely to earn almost double ($115,000) those with parents in 50th income percentile ($63,350) Men’s salaries increase more from being born into high income families By Evan Bleier For| Updated: 21:27 EST, 24 July 2015 View […]