Increasing income inequality and stagnant rates of economic mobility have called into question the promise of equal opportunity and the plausibility of the American Dream. Forty-three percent of individuals born into the lowest 20 percent of the income distribution (the bottom quintile) remain there the rest of their lives, earning $11,490 per year on average. Seventy percent never reach the middle quintile. Read more>> http://www.communitycommons.org/2015/05/how-housing-matters-for-economic-mobility/?km_May-27=housing
The above was originally published at Urban Institute’s Urban Wire and was written by John McGinty and Pamela Blumenthal
