As the global economy is slowing down, it’s much harder to climb the economic ladder. Harvard and Stanford economist Raj Chetty found that where you live makes a big difference. To go from the bottom rung to the top tier of the income ladder in most American cities depend on a high amount of diversity/low amount of segregation, family structure and social capital. The short list of upwardly mobile cities are Dubuque in Iowa, San Jose in California and Washington, DC. (forbes.com)
Where’s the Best Place to Climb The Economic Ladder?
