How does inheritance affect social mobility?

How does inheritance affect social mobility?

Inheritance can significantly impact social mobility by providing financial resources that can enhance opportunities for education, housing, and investments.

Can you give examples of how this works in real life?

Sure! For instance, families with substantial inheritances can afford to send their children to prestigious schools, which can lead to better job prospects.

What about families with less inheritance?

Families with less inheritance may struggle to access the same opportunities, potentially leading to a cycle of poverty and limited social mobility.

Are there any policies that can help improve social mobility?

Yes, policies like progressive taxation, affordable education, and social welfare programs can help level the playing field.