The Pew Foundation forecast in January, 2012, that the American economy promotes upward mobility over two- and ten-year periods just as well as it has in the past.
Americans are no more likely to experience income drops than they have been in the past, and they recover from those drops at similar rates.
Nevertheless, for many Americans—today as before—an income drop is a significant and permanent financial setback, and the current recession—like previous ones—will prove to be an unfortunate turning point for millions of families.
Americans are no more likely to experience income drops than they have been in the past, and they recover from those drops at similar rates.
Nevertheless, for many Americans—today as before—an income drop is a significant and permanent financial setback, and the current recession—like previous ones—will prove to be an unfortunate turning point for millions of families.