While the literature emphasizes cultural capital as a primary mechanism in racial inequality, this article asserts the role of informal information as a contributor to stratification. In this study, I ask in the era of both unprecedented access to information and unbridled economic inequality, what challenges do low-income communities of color face in their search for upward mobility? Ultimately, I expose how information, or the lack thereof, may contribute to inequality. Using data from 87 interviews and participant observation, I reveal how some low-income jobseekers are given misinformation about processes of social mobility, the labor market and racial and class-based disadvantage. These data reveal how schools, government, and social media obscure viable opportunities for advancement into the middle class. While information gaps are often framed by economists, I offer additional socialization of these accounts, shedding light on social mobility barriers in the era of “fake news.”