The Great Recession hit Americans across the socioeconomic spectrum, with some still working to recover economically.
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Today, only half of children grow up to earn more than their parents, as opportunities for upward mobility continue to decline. Meanwhile, more than 15 percent of children live in poverty.
When home prices rise, households tend to borrow and spend more. But economists have had trouble identifying exactly what causes that relationship. Is it that when a house becomes worth more, borrowers are able to offer more collateral to secure a loan?
Children who grow up in urban counties with high upward mobility exhibit fewer behavioral problems and perform better on cognitive tests, according to a study led by Princeton University.
Research by Professor and Director of WWS' Julis-Rabinowitz Center for Public Policy and Finance (JRCPPF) Atif Mian in The New Republic.
Research by Professor and Director of WWS' Julis-Rabinowitz Center for Public Policy and Finance (JRCPPF) Atif Mian in The Huffington Post.
Research by Professor and Director of WWS' Julis-Rabinowitz Center for Public Policy and Finance (JRCPPF) Atif Mian in Business Insider Australia.
Research by Professor and Director of WWS’ Julis-Rabinowitz Center for Public Policy and Finance (JRCPPF) Atif Mian in MoneyWeek.
Research from Professor and Director of WWS’ Julis-Rabinowitz Center for Public Policy and Finance (JRCPPF) Atif Mian in Vox.