Kids in U.S. Far Less Likely to Earn More than Parents, Study Finds

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Upward mobility is fading and growing inequality appears to be the culprit. That's according to a recent study from Stanford University and the Equality of Opportunity Project, which found that the number children in the United States earning more than their parents has dropped to about 50 percent -- a dramatic fall from 1940, when 90 percent of kids born would go on to earn more than their parents. We'll talk to an author of the study about income immobility, growing inequality and what can be done to curb this downward trend.

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David Grusky , professor of sociology and director, Stanford Center on Poverty and Inequality