this post was submitted on 17 Nov 2024
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Just a thought I had, like what can a ten year old do(besides mass murder & accidents) that messes up their life so badly that it is unrecoverable?

It has to be something that is self inflicted and not something that is the cause of others around them.

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[โ€“] jlow@beehaw.org 8 points 3 hours ago (1 children)

I think the changes of that happening are statistically neglible, though (comfortable maaaaybe if you're really lucky but becoming rich is probably a one digit change, if that).

[โ€“] NauticalNoodle@lemmy.ml 3 points 47 minutes ago* (last edited 45 minutes ago)

Socioeconomic mobility over a lifetime in the U.S. has always been dramatically overstated, but in the past 20 years its gradually gotten worse

"In the US only 32% of respondents agreed with the statement that forces beyond their personal control determine their success."

"According to a 2012 Pew Economic Mobility Project study[24] 43% of children born into the bottom quintile (bottom 20%) remain in that bottom quintile as adults. Similarly, 40% of children raised in the top quintile (top 20%) will remain there as adults. Looking at larger moves, only 4% of those raised in the bottom quintile moved up to the top quintile as adults. Around twice as many (8%) of children born into the top quintile fell to the bottom.[24] 37% of children born into the top quintile will fall below the middle. These findings have led researchers to conclude that "opportunity structures create and determine future generations' chances for success. Hence, our lot in life is at least partially determined by where we grow up, and this is partially determined by where our parents grew up, and so on." -Per Wikipedia

2012 was 12 years ago, mind you.

Also found this 2021 Guardian Article that claims

"What about rising from rags to riches? In the US, 8% of children raised in the bottom 20% of the income distribution are able to climb to the top 20% as adults, while the figure in Denmark is nearly double at 15%. Equality of opportunity is also much less viable in the US than in other OECD countries..."