The Caithness Business Index has posted the following article:

Why Do Wealthy Parents Have Wealthy Children?

The Institute for Fiscal Studies article looks at the reasons why the children of wealthy parents get richer than children from poorer families. --------------------- Why do the children of wealthy parents accumulate more wealth than children from poorer backgrounds? Does parental wealth have a role in determining young people's earnings, saving choices, returns to wealth and access to homeownership? How much wealth do parents give directly to their children? What other channels are involved in the persistence of wealth from one generation to the next? As wealth has grown compared with earnings, questions about the role of wealth in determining living standards and the transmission of wealth inequalities across generations have come to the fore. [Read Full Article]