Postwar generations shut out of economic mobility, finds report

US ranks poorly for providing opportunities to join top 25% of earners, says World Bank

Children around the world have failed to get a better education than their parents and improve their economic circumstances, so generations of poor people in developing countries are becoming "trapped in a cycle of poverty determined by their circumstance at birth", says a World Bank report.

According to the report, Fair Progress? Economic Mobility across Generations Around the World, successive generations in the postwar era, far from enjoying a better life than their parents, have been "unable to ascend the economic ladder due to inequality of opportunity", or they have seen their progress stall in recent years.

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