Family values: inheritance, inequality and social mobility
IFS Zooms In: The Economy
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The Wealth Gap and Its Consequences
This chapter examines the stark differences in wealth accumulation and economic opportunities for younger generations compared to older ones. It discusses the decline in home ownership, stagnant real earnings, and the impact of parental wealth on social mobility. The conversation highlights the complexities of wealth inequality, government policies, and potential reforms to address these challenges for the youth.
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