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Most Adults Have Family Incomes Higher than Their Parents

Created on July 29, 2013

Most Adults Have Family Incomes Higher than Their Parents

Most Adults Have Family Incomes Higher than Their Parents

About four in ten adults have family incomes that are at least $25,000 more than their parents, regardless of their family’s income growing up.

PARENTS’ FAMILY INCOME QUINTILE

Adults Earning This Much More Than Their Parents*

Source: Pew Charitable Trusts, “Income and Wealth in America Across Generations,” February 26, 2013, http://www.pewstates.org/research/data-visualizations/income-and-wealth-in-america-across-generations- 85899453568 (accessed May 29, 2013).

Chart 3   |   CPI DP 12   |   heritage.org