In his jobs speech earlier this month, President Barack Obama spoke eloquently of a time when Americans felt that hard work invariably paid off. We “believed in a country where everyone gets a fair shake and does their fair share.”
I’m not convinced that most black Americans ever really felt that way. Many of us instead were convinced that the deck was stacked against us, that no matter how hard we worked, we would never get a fair shake. But even in the midst of our deepest despair, we were hopeful for our children. We believed that, whatever we had to go through, life would be better for those who followed.
A major new study has dashed a bucket of cold water on that dream. The report, by the Economic Mobility Project of the Pew Charitable Trusts, points out that a third of Americans who are born in the middle class (defined by Pew as those between the 30th and 70th percentiles of the income distribution) lose their middle-class status as adults.
The news for blacks is especially bad, particularly for black men. “White, black and Hispanic women are equally likely to experience downward mobility out of the middle class, but 38 percent of black men fall out, compared with 21 percent of white men,” said Pew in its report (pdf), entitled Downward Mobility From the Middle Class: Waking Up From the American Dream.
This is not the first time that Pew has raised the alarm about downward mobility. In a groundbreaking 2007 report (pdf), Pew noted that blacks have an especially difficult time holding on to middle-class status beyond one generation.
“African Americans are more likely to make less than their parents and are more likely to fall down the income ladder than whites — almost half of children born to middle-income African-American families fall to the bottom of the income ladder as adults,” concluded Pew in that earlier study.
Both studies wrestle with the question of why blacks are so vulnerable. In 2007 Pew noted that interracial differences in education, wealth and family background could be the culprits. And indeed, a large and growing body of research points to lack of intergenerational wealth as one big reason the black middle class is so fragile.
In this new study, Pew points out that drug use, divorce and low scores on standardized tests also negatively affect mobility.