The share of high-SES friends among individuals with low SES—which we term economic connectedness—is among the strongest predictors of upward income mobility identified [in US neighborhoods]. Other social capitalmeasures are not strongly associated with economic mobility. If children with low-SES parents were to grow up in counties with economic connectedness comparable to that of the average child with high-SES parents, their incomes in adulthood would increase by 20% on average.

To summarize, using a unique proprietary data set that includes consumers' credit scores and self-reported household income, we find that household income is moderately correlatedwith consumers' credit scores, and cross-sectional variations in household income account for a modest fraction of variations of credit scores. The additional explanatory power of income becomes minimal once a small set of credit history variables are accounted for. The limited correlation suggests that the rising income inequality witnessed in recent decades does not mechanically imply rising inequality in credit access through the channel of this particular correlation.

- Food Service, Healthcare, Construction are the largest industries for wage theft.
- National trends by industry available for 2013 to 2023
- During 2020 COVID, ~37,000 Healthcare employees had $43.8 million in back wages owed to them compared to ~$20 million historical average for back wages.