💰 Imagine... Income That Moves With You 💰
💡 Imagined Endstate:
A future where every person — regardless of where they are born, the color of their skin, or their household’s starting income — has a real and fair shot at prosperity. Imagine a world where income mobility is the rule, not the exception, and where opportunity is not confined to a privileged few zip codes.
📚 Source:
Federal Reserve Bank of Minneapolis. (2023). Income Distributions and Dynamics in America. Income Distributions and Dynamics in America (IDDA)
💥 What’s the Big Deal:
The IDDA project uses nearly 30 years of IRS tax data to shine a light on how income moves — or doesn't — across generations and identities in America. Unlike surface-level income charts, this effort breaks down who gets ahead, when, and why. 📈 The findings reveal profound disparities: children of color, particularly Black and Native American children, are far less likely to rise economically than their white peers — even when starting at similar income levels.
🏘️ Geography matters too; just moving a few miles can dramatically alter one's economic trajectory. 🌍 Immigrants, often portrayed monolithically, display high levels of upward mobility over time — challenging stereotypes and showcasing resilience.
Policymakers, advocates, and researchers now have a free, interactive platform to explore income trajectories and craft solutions that work. The implications go far beyond stats — this is a roadmap for rewiring the systems that keep inequality entrenched and lifting communities long excluded from America's economic promise. 🧭
#IncomeMobility, #EconomicJustice, #DataEquity, #IntergenerationalWealth, #OpportunityMapping, #IDDA, #IMSPARK,#EconomicEquity,
