How much does a person’s wealth depend on how wealthy their parents are? How much of any link between the two is due to naturally inherited talent, and how much is due to direct transfers of wealth and the conditions in which a child is raised? These are important questions but can be quite difficult to answer. There is surprisingly little research on the transmission of wealth from one generation to the next.
Anyone reading a paper or tuning into the news this week will have been hard pressed to miss the stories on child poverty. With new figures out this week numerous organisations and commentators had predicted a large rise in the figure. In reality child poverty has remained flat over the past year.
This week we learned that, on the latest available figures, City bonuses in the UK are more than double the earnings of everyone on minimum wage. Elsewhere, an enterprising landlord has been able to offer a single bed in their kitchen for rent at £400 a month on the outskirts of London.
This newsletter provides a brief review of organisational change and projects over the last six months, and gives a snapshot of our work programme over the coming six months.