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For Blacks, Income Ladder More Like Chute

Middle-class children much less likely to pass parents than whites

By Kevin Spak,  Newser Staff

Posted Nov 13, 2007 7:07 PM CST

(Newser) – Middle-class African Americans are much less likely to surpass their parents’ income than their white counterparts, a new study finds. Overall, two-thirds of American adults earned more than their parents, adjusted for inflation. But among the black middle class, 69% are making less. “Black...   Read full story »

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