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Generational divide
Impact of Income Disparity on Intergenerational Wealth
December 19, 2023
How does income inequality affect intergenerational wealth transfer?
Income inequality significantly influences intergenerational wealth transfer. Higher income disparities limit the ability of lower-income families to accumulate wealth, creating a generational wealth gap that persists over time, further perpetuating socio-economic disparities.
Tags : Income Inequality , Wealth Transfer , Generational Divide