Why it’s harder to earn more than your parents | The Economist

In the 21st century it’s got harder to earn more than your parents and to climb the social ladder. What’s gone wrong, and what can be done to change this? Film supported by @Mishcon de Reya LLP 00:00 - Why it’s harder to get rich if you’re born poor 03:29 - Social divisions are increasing within society 04:11 - Changing patterns of social mobility over time 05:41 - Education as a determinant of social mobility 09:16 - Class barriers to further education 10:48 - Levelling the playing field 13:59 - Social inequality starts from birth 18:05 – Where you grow up matters 19:23 - The ‘opportunity atlas’ of America 21:48 - The importance of social capital 24:14 - What can governments do? Read our latest coverage on the US: Listen to our podcast on Social mobility and the American Dream: Sign up to The Economist’s daily newsletter to keep up to date with our latest stories: How has Covid-19 impacted inequality? Wa