See my post above - they have ample data. The majority of people in the lowest income quintile are not there 10 years later. Also the majority of those in the top quntile do not stay there long either - for both ends there is powerful reversion to the middle.
Here's [1] plenty of data and graphs illustrating mobility over different time frames
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Yeah this is exactly what Im asking to be honest.
Thanks for clarifying this.
How difficult is it to escape the lower class.
See my post above - they have ample data. The majority of people in the lowest income quintile are not there 10 years later. Also the majority of those in the top quntile do not stay there long either - for both ends there is powerful reversion to the middle.
Here's [1] plenty of data and graphs illustrating mobility over different time frames
[1] https://www.frbsf.org/research-and-insights/publications/eco...