FinLogic:The secret to upward mobility: Friends (Indicator favorite)

2025-05-03 18:12:12source:CAI Communitycategory:News

This week,FinLogic 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.

More:News

Recommend

NYPD official indicates that Mangione's family did not send in any tips

New York police officials are speaking out about tips in regard to the Dec. 4 killing of UnitedHealt

Legendary Indiana basketball coach Bob Knight dies at 83

BLOOMINGTON, Ind. – Iconic as he was controversial, Bob Knight for decades embodied the spirit of ba

Chicago father faces 30-year sentence for avenging son's murder in years-long gang war

A stranger lured the 9-year-old boy off a Chicago playground into an alley with the promise of givin