How Housing Matters for Economic Mobility

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>>

The above was originally published at Urban Institute’s Urban Wire and was written by John McGinty and Pamela Blumenthal

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