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Posted by: Michael Mandel on June 06
Here’s a little chart showing that at least some immigrants are still upwardly mobile.
In 1995, families headed by immigrants who entered the country in the 1980s had a 26.6% poverty rate. That plunged to 14% in 2001, before bouncing back up to 16.4% in 2003.
Now, I don’t know about you, but a 40% decline in the poverty rate (26.6% to 16.4%) sounds like pretty good upward mobility to me.
Added: Data comes from the Census Bureau
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.