Intergenerational Wealth Mobility is bad but stable since the 1980s. Article ends on a somewhat contradictory note:
"For all the continuity over recent decades, the authors emphasized that parents appeared to cast a longer shadow over their children’s lives, in some ways, than before. As inequality has risen, pushing the rungs on the income ladder further apart than they once were, the average economic penalty of being born poor has grown over time.
“It matters more who your parents are today than it did in the past,” Mr. Chetty said."
"For all the continuity over recent decades, the authors emphasized that parents appeared to cast a longer shadow over their children’s lives, in some ways, than before. As inequality has risen, pushing the rungs on the income ladder further apart than they once were, the average economic penalty of being born poor has grown over time.
“It matters more who your parents are today than it did in the past,” Mr. Chetty said."
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