Do poor children become poor adults? Lessons from a cross country comparison

"In the United States almost one half of children born to low income parents become low income adults. This is an extreme case, but the fraction is also high in the United Kingdom at four in ten, and Canada where about one-third of low income children do not escape low income in adulthood. In the Nordic countries, where overall child poverty rates are noticeably lower, it is also the case that a disproportionate fraction of low income children become low income adults. Generational cycles of low income may be common in the rich countries, but so are cycles of high income. Rich children tend to become rich adults. Four in ten children born to high income parents will grow up to be high income adults in the United States and the United Kingdom, and as many as onethird will do so in Canada..."