Upward Mobility. By Fareed Zakaria. Time, March 4, 2013.
Zakaria:
America
has long been seen—by its citizens and the world—as the place where anyone can
make it. And yet studies from the past two decades all point to a different
reality. Economic mobility in the U.S. is low compared with what it was in
times past and with current levels in many European countries and Canada. It is
particularly sticky at the two ends of the economic ladder. Rich people rarely
become poor in a generation—and the poorest seldom get rich. Despite the
rags-to-riches myth, such stories are the exception. A comprehensive study by
the Pew Economic Mobility Project documents that in the U.S. today, few poor people
become even upper middle class.
The myth of America’s social mobility. By Fareed Zakaria. Video. Fareed Zakaria GPS. CNN, February 24, 2013.
Pew Economic Mobility Project. The Pew Charitable Trusts.
