Society
Bremmer Reveals US Class Mobility Now Lower Than Britain With House of Lords
Piers Morgan Uncensored
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"We used to have class mobility numbers that were the highest of the entire OECD. The US now has less class mobility than the Brits. Than the Brits. You guys have the House of Lords, for Christ's sake, right? How is it possible that the Americans now, the best indicator, the best predictor in the United States compared to other OECD countries of whether a child will become wealthy is their parents' wealth?"
Ian Bremmer disclosed U.S. class mobility has fallen below Britain's despite America's historical lack of hereditary aristocracy. He revealed parental wealth is now the strongest predictor of child wealth outcomes in America compared to other developed nations. This represents a fundamental reversal from when 90% of Americans believed hard work could lift them to the top 10%.
From this episode
Piers Morgan Uncensored