Downward mobility datapoint of the day

By Felix Salmon
December 10, 2010

If you’re white, and you were raised in the bottom 60% of the income distribution, you have a 22% chance of being in the bottom 20% as an adult.

If you’re black, and you were raised in the bottom 60% of the income distribution, you have a 49% chance of being in the bottom 20% as an adult.

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