Economic Mobility in Philadelphia

How important was the neighborhood you grew up in?

Opportunity Insights, led by Dr. Raj Chetty, has codified intergenerational mobility in the United States. By leveraging IRS tax returns from the 1980’s and linking them to a child’s future income 30 years later, we can now understand how strong the developmental environment is on future economic outcomes for children. Long story short — most America’s wealthiest earners were born to affluent households.

While the American Dream is still possible, i.e. being born poor and amassing wealth…