Economic Mobility across Generations Around the World, successive generations in the postwar era, far from enjoying a better life than their parents, have been “unable to ascend the economic ladder due to inequality of opportunity”, or they have seen their progress stall in recent years. The report monitored the education of groups born between 1940 and 1980 and found that 46 of 50 countries with the lowest rates of mobility were part of the developing world. Of those nations ranked in the bottom 50, 46 were developing world nations and four were from the developed world, including the US. Boys found it more difficult than girls to improve their economic position compared with their parents, the World Bank report found. It said: “Gender gaps are closing, with girls in high-income countries now outperforming boys in tertiary education and catching up in the developing world.

Source: The Guardian May 09, 2018 19:01 UTC