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Most Americans Have Higher Incomes than Their Parents

Created on July 29, 2013

Most Americans Have Higher Incomes than Their Parents

Most Americans Have Higher Incomes than Their Parents

PARENTS’ FAMILY INCOME quintile

PERCENT OF INDIVIDUALS WITH FAMILY INCOME ABOVE THEIR PARENTS

Source: Pew Charitable Trusts Economic Mobility Project, Pursuing the American Dream: Economic Mobility Across Generations, July 2012, Figure 1, p. 4, http://www.pewstates.org/uploadedFiles/PCS_Assets/2012/ Pursuing_American_Dream.pdf (accessed May 28, 2013).

Note: Income is adjusted for family size.

Chart 2   |   CPI DP 12   |   heritage.org