The rich get richer: New study finds little social mobility in U.S. and that children with moneyed parents are very likely to remain wealthy – with the poorest predestined to stay poor

The Pew Charitable Trust and the Russell Sage Foundation examined the

Researchers examined the ‘transmission of economic advantage across generations using intergenerational elasticity estimates’ during the study

Pew Charitable Trust and Russell Sage Foundation’s Economic Mobility in the US study found half of parental income advantages are passed to kids

Children with parents in 90th income percentile are likely to earn almost double ($115,000) those with parents in 50th income percentile ($63,350) A new study about economic opportunity and social mobility in America found that children born into higher-income families have even better odds of having financial success than previously thought.The Pew Charitable Trust and the Russell […]