Rich parents tend to produce rich children: CPB
3 weeks ago

Rich parents tend to produce rich children: CPB

Dutch News  

If parents are wealthy the chances are that their children will also end up in a comfortable financial position, further increasing inequality of opportunity in the Netherlands, the government’s macro-economic forecasting agency CPB has warned. Children whose parents belong to the richest 1% of the population will themselves belong to the wealthiest 20% by the time they are 40, the CPB found. A possible reason for this, the CPB said, is that rich parents are more inclined to support their children in ways that poorer people can’t. The CPB said that to combat the growing inequality, schools could make room for classes in entrepreneurship and offer free extra tuition, and the government should increase tax on gifts.

Children Cpb  tuition  produce  increasing  poorer  rich  financial  children  tend  cpb  extra  belong  parents  inequality

History of this topic

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Are baby boomers hoarding wealth? Not quite.

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Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. “Seems weird to not level up your kids,” Singer commented on X. Boomers holding back money seemed to him to be fundamentally selfish, but others disagreed, sparking a major discussion across social media about what parental responsibility is when …

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3 weeks, 1 day ago

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NL Times  

The amount of wealth a parent has is increasingly becoming a factor in their children’s wealth. This showed that children whose parents are amongst the most wealthy also end up gaining wealth, while children of parents with the lowest assets make less progress and have more difficulty climbing the ladder in terms of how much money and possessions they have. …

Parents risk pensioner poverty to get children on the property ladder, experts warn
5 years, 4 months ago

Parents risk pensioner poverty to get children on the property ladder, experts warn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The generosity of parents and grandparents is inspiring, but …

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