Having rich childhood friends is linked to a higher salary as an adult

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Having rich childhood friends is linked to a higher salary as an adult
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Childhood friendships can influence a person’s economic future – a study has found that having higher-income friends is linked to people from low-income homes making more money as adults

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“There’s been a lot of speculation… that the individual’s access to social capital, their social networks and the community they live in might matter a lot for a child’s chance to rise out of poverty,” saysat Harvard University. To find out if that holds up, he and his colleagues analysed anonymised Facebook data belonging to 72.2 million people in the US between the ages of 25 and 44, accounting for 84 per cent of the age group’s US population.

Chetty’s team combined the data with the Facebook analysis and found that poorer children were more likely to have higher incomes in adulthood if they were born in areas where poorer people had a higher number of richer friends.

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