11/12/2007 - Blacks born into the middle class in the late 1960s are far more likely than whites to earn less than their parents, a new study of economic mobility has found.
The study examined how children born in the late 1960s fared in the late 1990s and early 2000s. Overall, it found that two-thirds of the adult children earned more, adjusted for inflation, than their parents did at the same age in the late 1960s.
But when the study examined families by race and their rank by income, they found stark differences between black and white families.
Read the full article Blacks Trail in Growth of Income on The Wall Street Journal Web site.