Five generations ‘before poor reach average pay’

Sean Coughlan reports for the BBC. 

Social mobility is so frozen that it would take five generations for a poorer family in the UK to reach the average income, an OECD report says.

The economics think tank says income inequality has widened since the 1990s, with high earners accelerating ahead.

Those born before 1975 had much more chance of social mobility than those born afterwards, the study says.

“Too many people feel they are being left behind,” the OECD’s chief of staff, Gabriela Ramos, says.

The international study, A Broken Social Elevator?, says high earners are getting bigger rewards and consolidating wealth for the next generations.

It also says those at the bottom of the ladder are finding it increasingly difficult to help their families catch up – with social mobility declining.

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