Which factors will help your kids climb the income ladder and which will hold them back?
We know that kids who grow up in low-income homes are less likely to have high incomes as adults. But which factors most help kids climb the economic ladder, and which hold them back? The Pew Economic Mobility Project put together a handy, interactive site where you can combine different factors such as race, marital status and education to determine which combinations give people the best odds of getting ahead. Are you a single black female? If you get a college degree, your chances of climbing the economic ladder are at 83 percent. Same person, no degree? You have only a 9 percent chance of moving up, according to Pew.
When it comes to economic mobility, which families are likely to fare better than their parents? We invite you to explore this interactive tool as it reveals the traits of families that experience upward mobility and, conversely, those that find themselves stuck in their positions on-or falling down-the economic ladder.