Here is a quote that makes an interesting assertion, I wonder if it is accurate?
The intergenerational income correlation is indeed quite high. But twin and adoption studies show that most or all of this correlation stems from heredity. The reason why kids from rich families do well isn’t that mom and dad buy their way through life. The reason, rather, is that rich families have genes that cause financial success, and pass these genes on to their kids.
I wonder if the reverse is true, that poverty is so intractable is because of inherited “poverty” genes?
