5/4/2015 – Where Poor Kids Grow Up Makes a Huge Difference (NPR)

May 04, 2015 Comments Off by

In two new studies, Harvard economist Raj Chetty and his colleagues found that where poor kids grow up has a huge effect on how much money they earn as adults.

In one study, families living in public housing were randomly selected to be eligible for housing vouchers that required them to move to low poverty neighborhoods. Kids whose families received the vouchers grew up to earn significantly more than those whose families remained in public housing. In a second study, Chetty and his colleagues looked at data for millions of families who moved from one county to another. Based on this data, they were able to estimate how much where poor kids grow up affects their income as adults.

Read the full article at NPR.

Financial Landing 2015

About the author

The author didnt add any Information to his profile yet