Source: Chetty.
Chart: Percentage of Children Earning More than their Parents
Children born in 1945 had a 90% chance of earning more than their parents. But only 50% of the children born in 1985 will earn more than their parents.
Children born in 1945 had a 90% chance of earning more than their parents. But only 50% of the children born in 1985 will earn more than their parents.
Source: Chetty.