Rich, dumb kids are more likely to get good jobs than smart, poor kids
A new report from the Social Mobility and Child Poverty Commission, “Downward mobility, opportunity hoarding and the ‘glass’ floor,” found that rich kids who rank lowly on intelligence scales are more likely to get good jobs than smart, poor kids.
The study looked at what 17,000 people born in Britain in 1970 were doing at the age of 42. Those with well-educated, wealthy, well-connected parents had better careers than those with poorer parents. The report found that there wasn't "downward mobility," meaning that kids born into wealthy families still got good jobs even if they were lazy and untalented because rich parents created a 'glass floor' and hoarded opportunities.
"Children from more advantaged family backgrounds are more likely to have high earnings in later adult life and are more likely to be in a 'top job'. This is not simply due to different levels of cognitive ability as it holds within attainment groups as well as over the complete distribution." The report also found a gender gap - women were less likely to hold 'top jobs' than men, regardless of socioeconomic status.
Other studies about children of rich parents:
Young adults who had financial help from parents are more likely to get rich quick
Rich kids use the internet, poor kids get used by it.
The Rich Kids of Instagram isn't a study, but it's worth checking out.
Cover image: Instagram