Again with the numbers:
30
32
The first number is the likelihood, expressed as a percentage, that a child born to parents whose incomes fall within the top 10 percent of Americans will grow up to be at least as wealthy.
The second is the percentage likelihood that a person born into the bottom 10 percent of society will stay at the bottom.
Just to drive the point home, here’s a third number: 1.3
That’s the percentage likelihood that a bottom 10 percenter will ever make it to the top 10 percent. For 99 out of 100 people, rags never lead to riches.
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