The great, hopeful churn of American mobility has slowed.
For the first time, today’s young adults risk having lower educational attainment rates, on average, than their parents. Only six percent of children born to parents at the bottom of the income distribution make it to the top. And children in many European countries now have greater socio-economic mobility than those in the United States.
Research shows that when young adults fail to connect to school or a career as a young adult (16-24 years old), their lifetime earnings diminish. And young adults who aren’t connected cost society $93 billion annually in lost wages, taxes, and social services.Our nation will not be competitive in the future if only our most privilege are able to succeed, and with nearly seven million young adults not employed and not in school, we are at risk of losing a generation of innovation and talent.
Opportunity Nation’s Shared Plan of action is designed to change this.We invite you to read the Shared Plan and find out how you can become part of the effort to ensure that the leaders of tomorrow are provided the opportunities to improve their economic mobility and determine their own success in life.
Fareed Zakaria, Editor at Large, Time Magazine, Host of CNN's GPS