US ranks poorly for providing opportunities to join top 25% of earners, says World Bank

Children around the world have failed to gain a better education than their parents and improve their economic circumstances, leading to generations of poor people in developing countries becoming “trapped in a cycle of poverty determined by their circumstance at birth”.

According to a report by the World Bank, successive generations in the postwar era, far from enjoying a better life than their parents, have been “unable to ascend the economic ladder due to inequality of opportunity” or seen their progress stall in recent years.

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