Connecticut fares well in economic mobility

Connecticut was among the states demonstrating the best economic mobility as measured by a Pew Charitable Trust analysis released today.

The analysis, titled “Economic Mobility of the States,” showed Maryland, New York and New Jersey faring well on the three measures studied: residents’ average earnings growth over time as well as upward and downward financial mobility relative to their peers. Connecticut, Massachusetts, Pennsylvania, Michigan and Utah did well on two of the measures.

Louisiana, Oklahoma and South Carolina fared badly on all three measures, while Alabama, Florida, Kentucky, Mississippi, North Carolina and Texas were rated poorly based on two categories.

“Geographic mobility – whether people born in a particular state stayed there or moved elsewhere – does not drive overall state differences in economic mobility,” the report found.

For more information, go to www.economicmobility.org.