IlluMyFi

As a Danish study shows, parental income determines our life chances – but in what way differs according to how rich they are

Parents shape our lives. There’s the love or its absence – and the genetics. On the financial side, academics focus on intergenerational income persistence (how much parental income determines our own) and its inverse (social mobility).

This varies between countries. Economist Miles Corak has shown that higher inequality nations tend to be less socially mobile. When the rungs on the ladder are far apart, individuals born poor struggle to climb them.

Sentiment

0.27

Bearish/Bullish

01.01.25 06:00

by theguardian.com

UK property will be a buyers’ market in 2025, analysts predict

‘Cautious optimism’ forecast despite end to key stamp duty relief and fears of higher taxes and interest rates

Experts have predicted a “buyer’s market” for house hunters in the year ahead, giving them greater negotiating power as the mood of the housing market shifts to “cautious optimism”.

However, even the more hopeful expectations for 2025 were met with caution, as an important stamp duty relief for first-time buyers was scheduled to end in the spring, as well as potentially high interest rates and taxes bearing down on the market.

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