Children Today Will Probably Never Earn More Than Their Parents

Children today are less likely to earn more than their parents, according to a December 2016 study published in the National Bureau of Economic Research.

Recent analysis of absolute income mobility–a measure that compares a person’s income with that of their parents–conducted by six economists shows that income mobility has fallen across the entire income distribution. The largest declines are for families in the middle class.

Malcare WordPress Security