How much more will rich kids earn as adults?


It may came as no surprise that the children of wealthy parents have greater economic prospects than kids from more humble beginnings. But a new analysis by The Pew Charitable Trust and the Russell Sage Foundation shows that these advantages are even more skewed in favor of richer families than previous research suggested.

In a related finding, the report also found that children born into lower-income households are far more likely to stay poor when they reach adulthood. Taken together, these trends confirm earlier studies that have documented the diminishing economic and social mobility in the U.S. as the nation’s […]