XDY Exchange-The secret to upward mobility: Friends (Indicator favorite)

2025-05-07 09:38:20source:EchoSense Quantitative Think Tank Centercategory:Markets

This week,XDY Exchange 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:Markets

Recommend

Worried that she might have cancer, a young woman is comforted by a kind stranger

This story is part of the My Unsung Hero series, from the Hidden Brain team. It features stories of

Prince Harry and Duchess Meghan's Archewell Foundation declared delinquent

Archewell Foundation, the charity founded by Prince Harry and Duchess Meghan, has been declared deli

Anti-abortion activist who led a clinic blockade is sentenced to nearly 5 years in prison

WASHINGTON (AP) — An anti-abortion activist who led others on an invasion and blockade of a reproduc