A new study released by the Economic Mobility Project confirms what many of us already know: The ability of Americans to move up in the income distribution has changed little since the 1980s.
More than 50 percent of individuals ages 25 to 44 who start in the bottom of the income distribution remain there 10 years later, the report says.
"This new report confirms even greater 'stickiness' at the bottom of the income ladder than previous project reports have found," said John E. Morton, Pew's managing director of Economic Policy and director of the Economic Mobility Project. "Over the last two decades, the majority of the least affluent Americans are not experiencing upward mobility relative to others, and those who are mobile don't get very far. Because a belief in upward mobility is central to the American story, it is critical that our nation's leaders take note of and engage in serious debate about policies that might address these disturbing findings."
Bottom line: The policies of both Democrats and Republicans in Congress and in the White House have destroyed the American Middle Class. And sending the same clown back to Congress will ensure that most Americans will never see an improvement in their economic station. Having second thoughts about voting back all those Democrats to Congress on Nov. 4?
More Than 7 in 10 Americans Who Start at the Bottom of the Income Ladder Remain Below Middle Income Status 10 Years Later
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