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- 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.
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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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