On November 13, The Pew Charitable Trusts released three reports from their Economic Mobility Project. The series presents information about various aspects to economic mobility - they look at the issue from generational, racial, and gender-focused lenses. "Economic Mobility of Families Across Generations" by Julia Isaacs finds that generally adults who were in their 30s and 40s in 2000 had more income than their parents' generation. Some of this can be explained by women entering the workforce and a decrease in family size. Also, the report states that 2 out of 3 Americans have higher family incomes than their parents did, and the higher the parents' income, the higher the income of their adult children.
However, the news isn't all good... read more »
