Location Can Affect The Climb Up The Income Ladder
A recent study discovered that geography has a big effect on whether children will rise into a higher income bracket than their parents. The New York Times calculates the chances that a child will rise from the bottom fifth percentile of income to the top fifth. The number in the Dallas area is 6.4 percent; kids in the Fort Worth area have a better shot, at 8.8 percent. Some of the study’s findings also concluded that geography mattered less for well-off children than for middle-class and low-income children.
ATLANTA - Stacey Calvin spends almost as much time commuting to her job - on a bus, two trains and another bus - as she does working part-time at a day care center.