Why do some personal financial trajectories progress steadily, while others experience sudden setbacks? This question, at the ...

Want more money in your pocket? Your paycheck matters more than any investment portfolio. In A Nutshell Researchers tracked ...

A new study confirms what I’ve been reading for a while now: income mobility in America hasn’t changed much in the past few decades. We continue to trail most other advanced economies, but at least ...

Here is the link to the full Treasury study “Income Mobility in the U.S. From 1996 TO 2005” and here is an excerpt: Using three different measures of income mobility that track changes in the incomes ...

One reason so many Americans tolerate inequality is their belief that it’s not a permanent condition. Yes, you might start out life without a lot of money. But if you work hard and play by the rules, ...

A new report by the Congressional Budget Office (CBO) offers new proof that many of America's poorest citizens are doing better than they were 14 years ago. Between 1991 and 2005, the average annual ...

"Young people are exploited!" "Income mobility is down!" "Poor people are locked into poverty!" Those are samples of popular nonsense peddled today. Leftist economist Thomas Piketty's book Capital in ...

In a recent article titled “Why President Obama Is Wrong on Inequality,” Reason science correspondent Ron Bailey points to an interesting 2009 article by two economists from the Office of Tax Analysis ...

This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) ...

North Carolina performed best in the categories of entrepreneurship, growth, and rule of law. The study suggests that ...