"Your income predicts your child's future income," says Georgetown analysis
Your income is a strong predictor of your child's future earning potential. A study shows that being wealthy at birth gives kids a better chance at success than being smart. This disparity means that even the most talented disadvantaged children have a lower chance of success compared to the least talented affluent children. However, those who were dealt a good hand often don't realize their privilege. The idea of self-made success is prevalent among US citizens who have never experienced the hardships of a draft or economic devaluation.