European Children More Likely to Outperform Parents Than Americans
Despite the widespread belief among Americans that they’re destined to do better than their parents, Americans are more likely to live as well as or worse than their parents than their counterparts in many European countries. That’s according to this fact sheet, released today by the Pew Charitable Trusts and part of a forthcoming book.
The study compares the U.S. and various countries including Australia, Canada and the major European countries, and attempts to measure to what degree a child’s economic future is tied to their parents’ education, income, IQ and various other measures. Not surprisingly, parental education is closely tied to their children’s economic success everywhere. But the tie was strongest in the U.S., meaning children born to more-educated parents are much more likely to move up the ladder.
Read the full article at wsj.com.
- Economic Mobility Project