Current:Home > MarketsThe secret to upward mobility: Friends (Indicator favorite) -Wealth Momentum Network
The secret to upward mobility: Friends (Indicator favorite)
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-08 20:54:43
This week, we're sharing some of our favorite Indicator episodes from 2022! Today, we hear one of our most downloaded from the year. This episode originally came out in August.
In a pair of groundbreaking studies, Harvard economist Raj Chetty and a team of researchers find that cross-class friendships are a significant key to upward mobility in America. They call it economic connectedness. We call it your rich friends matter.
Today on the show, find out why building connections across class lines can be an effective way to achieve the American Dream for everyone. For a more in-depth explanation, check out our newsletter article. To access the papers we talk about, check out Study 1 and Study 2.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
veryGood! (59)
Related
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- ReBuild NC Has a Deficit of Over $150 Million With 1,600 People Still Displaced by Hurricanes Matthew and Florence
- Cynthia Erivo blasts 'deeply hurtful' fan-made 'Wicked' movie poster: 'It degrades me'
- Navajo leader calls for tribal vice president’s resignation amid political upheaval
- Trump invites nearly all federal workers to quit now, get paid through September
- 'They didn't make it': How Ukraine war refugees fell victim to Hurricane Helene
- Liam Payne's Official Cause of Death Confirmed by Authorities
- When does 'Fabulous Lives vs. Bollywood Wives' come out? Season 3 release date, cast
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Is there a 'healthiest' candy for Halloween? Tips for trick-or-treaters and parents.
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- NFL owners approve Jacksonville’s $1.4 billion ‘stadium of the future’ set to open in 2028
- Wreckage found, but still no sign of crew after Navy fighter jet crash in Washington state
- How Jose Iglesias’ ‘OMG’ became the perfect anthem for the underdog Mets
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Martha Stewart Reveals How She Kept Her Affair A Secret From Ex-Husband Andy Stewart
- Mega Millions winning numbers for October 15 drawing: Did anyone win $169 million jackpot?
- Trump says it would be a ‘smart thing’ if he spoke to Putin, though he won’t confirm he has
Recommendation
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Is there a 'healthiest' candy for Halloween? Tips for trick-or-treaters and parents.
Davante Adams trade grades, winners, losers: Who won between Jets, Raiders?
Off-duty Detroit officer fatally shot after wounding 2 fellow officers, chief says
A South Texas lawmaker’s 15
Why Diddy is facing 'apocalyptic' legal challenges amid 6 new sexual assault civil suits
Voting rights groups seek investigation into Wisconsin text message
Ex-Louisville officer who fired shots in Breonna Taylor raid readies for 3rd trial