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Thu May 10, 2012
Moving up the economic ladder in Michigan
Despite a tough state economy, people in Michigan are better able to move up the economic ladder than people in almost every other state. That's according to a report released by the Pew Research Center today.
The study found overall economic status doesn't change much over people's lives.
Erin Currier is from the Pew Center. She says the study did not look at why certain states did better than others. But she says there are some general lessons.
“Certain drivers of mobility are extremely powerful and those drivers include things like educational attainment, savings and asset building, and neighborhood poverty during childhood among others,” Currier.
The study found states with the most economic mobility are New York, New Jersey and Maryland.
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