> You need something like decile transition probabilities, not merely directional changes. That's exactly what's in the linked article. The probability of goin

> You need something like decile transition probabilities, not merely directional changes. That's exactly what's in the linked article. The probability of going from the top to the bottom in one generation is 8%, to second-to-bottom 10%. That's a significant chance. > Going from the top decile of wealth to the second or third from top is not a significant loss of wealth. I disagree. Going to the third decile likely puts you in the bottom half. > How many people who are born into the top decile of wealth end up below the poverty line in total assets + income? Roughly 8%, as the bottom decile roughly coincides with the poverty line.