News

The rags-to-riches story plays better in Hollywood than in reality

The rags-to-riches story plays better in Hollywood than in reality, says The Pew Charitable Trusts. Moving On Up, a recent analysis from its Economic Mobility project, reports that 43 percent of Americans raised at the bottom of the income ladder remain stuck there as adults, and 70 percent never make it to the middle. A few of the factors that help upward movement? College graduation; dual-earner families; being white; and a healthy intersection of income, savings and wealth.

12/18/2013