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Poorer than their parents? A new perspective on income inequality | McKinsey & Company

Poorer than their parents? A new perspective on income inequality | McKinsey & Company

Most people growing up in advanced economies since World War II have been able to assume they will be better off than their parents. For much of the time, that assumption has proved correct: except for a brief hiatus in the 1970s, buoyant global economic and employment growth over the past 70 years saw all households experience rising incomes, both before and after taxes and transfers.

Source: Poorer than their parents? A new perspective on income inequality | McKinsey & Company