Family matters for future wealth
Monday, November 26, 2018 - 14:50
in Psychology & Sociology
New research, for the first time using actual income numbers from two generations of Australians, reveals they do not easily move from low-income to high-income bands, however mobility is greater than the US. The analysis also suggests that family structure -- who you're married to, when you have children and how many you have -- matters when it comes to income mobility.