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The actual data exists but is not that strong. IIRC, it says that 40% of people born in the bottom quintile remain in the bottom quintile, but 60% dont. The s
by jcampbell1 13y ago
The actual data exists but is not that strong. IIRC, it says that 40% of people born in the bottom quintile remain in the bottom quintile, but 60% dont. The same goes for the top quintile.
I am just recalling these numbers from a potentially faulty memory, but if you want to see for yourself, search for "intergenerational economic mobility"