Few Americans born into poverty ever get to experience the iconic rise from “rags to riches.”
A 2014 study by a team of UC Berkeley and Harvard economists examined upward income mobility throughout the nation, finding that less than 8 percent of people born at the bottom 20 percent of the income ladder ever climb to the top 20 percent as adults. The study, though, also found that geographic location can significantly impact those odds. Cartoon journalist Andy Warner explains.
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Source: Equality of Opportunity Project