“Rags to Riches” Mainly Happens in Movies, According to Pew Charitable Trust Report

If only the reality of American socioeconomic mobility lived up to the myth. As the Pew Charitable Trust research found:

The American Dream is usually defined in terms of financial security, homeownership, and higher education. Our data on financial security shows why it is in doubt. When it comes to economic mobility—the ability to move up or down the economic ladder within a lifetime or from one generation to the next—your place on the ladder as a child can often be a predictor of your place as an adult.”

OnRecordLadder

You can access the report here.

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