Is there wealth stability across generations in the US?
Published Date: 7/22/2022
Source: phys.org
A study published in Contemporary Economic Policy that analyzed U.S. data found that a substantial portion of grandparents with the lowest proportions of wealth in 1984–1989 are likely to have grandchildren who end up in the lowest wealth stratum in 2015–2017. Likewise, grandparents in the highest proportions of wealth are likely to have grandchildren in the highest wealth stratum.