Economy

Achieving the ‘American dream?’ A lot of it depends on where you grow up

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Northeast Dallas in Texas is the neighborhood buyers are most interested in, according to a new report.

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Where a child grows up in the U.S. is becoming an increasingly critical component toward determining their future economic status.

Research from economists at Brown University, Harvard University and the U.S. Census Bureau shows that the numerous variables that define neighborhoods — such as the quality of their school districts, poverty rates and conditions that influence social capital in a community — all have lasting impacts on children’s future income. The research’s findings were presented earlier this year comparing mobility levels around the…



Source cnbc.com

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