People I (Mostly) Admire cover image

People I (Mostly) Admire

87. How Much Are the Right Friends Worth?

Sep 3, 2022
53:41

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Podcast summary created with Snipd AI

Quick takeaways

  • Higher levels of social capital, particularly economic connectedness, in a neighborhood or community are strongly correlated with higher rates of economic mobility.
  • There are significant racial disparities in economic mobility, with black Americans having lower rates of upward mobility compared to white Americans.

Deep dives

Impact of Social Capital on Economic Mobility

Higher levels of social capital, particularly economic connectedness, in a neighborhood or community are strongly correlated with higher rates of economic mobility. People who grow up in areas with more cross-class interaction and social connections tend to have better chances of upward mobility and earning higher incomes as adults.

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