Pethokoukis, Economics, U.S. Economy

3 charts that show what’s really going on with economic mobility in the US

Image Credit: shutterstock

Image Credit: shutterstock

Conservatives would prefer to talk about economic mobility rather than income inequality, at least for now. As far as the former goes, Richard Reeves and Kerry Searle Grannis of Brookings put together a great blog post with some must-see charts on the topic. Here are three of the charts:

1. Economic mobility could be better. The below chart shows the even smartest kids have only a 1-in-4 chance of making it from the bottom fifth to the top fifth. At the same time, theworst-scoring kids have only a 1-in-4 chance of falling from the top fifth to the bottom fifth.

Brookings

Brookings

2. Education matters a lot for mobility. Kids from the bottom fifth have a 1-in-5 chance of getting into the top fifth if they get a college degree vs. a 1-in-20 chance without a degree.

Brookings

Brookings

3. Don’t forget about families. Intact families are key to mobility and income — even more than a booming economy, the minimum wage, and graduating high school.

121213mobility3Follow James Pethokoukis on Twitter at @JimPethokoukis, and AEIdeas at @AEIdeas.

One thought on “3 charts that show what’s really going on with economic mobility in the US

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>