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Correlation of individual and parental earnings in OECD:
Could you link to a document that explains that graph. I can't understand what it's showing me! My comprehension of people avoiding poverty/increasing wealth comes from personal experience so I'd like to know more about the wider statistics.
Chart is from an OECD report on social mobility: http://www.oecd.org/tax/public-finance/chapter%205%20gfg%202010.pdf
It shows the extent to which income is predicted by parental income - the bigger the bar, the more likely you are to have income comparable to that of your parents. The UK is Privilege Central.
rw101
Could you link to a document that explains that graph. I can't understand what it's showing me! My comprehension of people avoiding poverty/increasing wealth comes from personal experience so I'd like to know more about the wider statistics.