Recent Press Release
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More than 7 in 10 Americans who start at the bottom of the income ladder remain below middle income status 10 years later
Washington, D.C. –Despite notable changes in the U.S. economy over the past two decades, such as the ongoing shift from manufacturing to service sector jobs, women’s increasing participation in the workforce and rising immigrant populations, the ability of Americans to move up in the income distribution has changed little since the 1980s according to a new report released today by the Economic Mobility Project, an initiative of The Pew Charitable Trusts. Further, more than 50 percent of individuals ages 25 to 44 who start in the bottom of the income distribution remain there 10 years later.
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Recent In The News
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The Christian Science Monitor - Can more spending revive the American Dream?
What the American economy needs is spenders.
It needs big spenders, such as states and municipalities, to build bridges, pave roads, and keep garbage trucks running and police on the beat. It needs tens of millions of smaller spenders to buy blankets and cars and television sets to help businesses prosper so they can keep their employees.
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