Executive Summary and Chapter
The dream that one can rise up from humble beginnings and achieve a comfortable middle-class living, if not attain great wealth, transcends racial lines. But is this a reality for black and white families alike?
This report, by Julia Isaacs of The Brookings Institution, reviews overall income trends based on Census Bureau data and provides an intergenerational analysis based on a longitudinal data set that allows a direct match of the family income of parents in the late 1960s to their children’s family income in the late 1990s to early 2000s. 1 In brief, trends […]