Poor at 20, poor for life

5 months ago Comments Off on Poor at 20, poor for life

It’s not an exaggeration: It really is getting harder to move up in America. Those who make very little money in their first jobs will probably still be making very little decades later, and those who start off making middle-class wages have similarly limited paths. Only those who start out at the top are likely to continue making good money throughout their working lives. That’s the conclusion of a new paper by Michael D. Carr and Emily E. Wiemers, …
Stock quotes, financial tools, news and analysis – MSN Money