Researchers found that more than half of men and women aged 30 earned more than their fathers in 2005. They also information from the British Cohort Study on the link between parents’ and children’s earnings for those born from 1970 onwards. They used this to examine the concept of ‘absolute mobility’ – the proportion of people earning more than their parents. The figure among ‘baby boomers’ - people born in the period from 1945 to 1965 - is about 20 per cent higher. But there is not the same pattern in Canada where absolute mobility is higher and has remained stable.

Source: Daily Mail April 12, 2019 16:52 UTC