THE AMERICAN DREAM is not unique to America. Parents the world over harbour the hope that if their children work hard and build their skills, they can climb the income ladder and attain a higher standard of living. However, the odds that children will rise above their life’s station are more promising in many industrialized nations than they are in the U.S.: According to the Economic Policy Institute, Canada, Denmark, Norway, Finland and Australia offer the greatest opportunities for upward mobility. Meanwhile, the UK and the U.S. lag behind, just a couple of notches above countries with much smaller economies like Slovenia and Chile.Read more at Rotman Management magazine
August 21, 2017
How to Move Millions Up the Income Ladder
Five interventions have the potential to significantly impact economic mobility.
Debby Bielak is a partner in Bridgespan's San Francisco office, where she focuses on the inter-related areas of economic opportunity and mobility, place-based change, and advocacy and influence.
Devin Murphy is a partner in The Bridgespan Group's New York office. He is a thought leader and expert advisor on issues at the intersection of equity, economic opportunity, and building power in communities.