Does it matter who your parents are? Findings on economic mobility from the Survey of Household Economics and Decisionmaking, Accessible Data

Accessible version of figures

Figure 1: Household income, by parents' educational attainment

Source: 2014 Survey of Household Economics and Decisionmaking

Note: Sample limited to respondents age 25-44 who report at least one parentís education. N=1,641

Percent

Household Income Both parents have high school degree or less At least one parent with some college or associate degree One parent received bachelor's degree Both parents received bachelor's degree
$0-$50k 47 35 28 21
$50k-$100k 37 38 37 34
$100k+ 17 27 35 45
95% Confidence Interval Ranges for each income group
$0-$50k (upper bound) 41.59 30.15 22.39 16.14
$0-$50k (lower bound) 51.58 40.13 33.87 26.88
$50k-$100k (upper bound) 31.89 32.47 30.57 27.16
$50k-$100k (lower bound) 42.21 43.78 43.78 41.57
$100k+ (upper bound) 12.79 22.04 28.90 37.59
$100k+ (upper bound) 21.15 32.74 42.27 52.61

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Figure 2: Educational attainment, by parents' educational attainment

Source: 2014 Survey of Household Economics and Decisionmaking

Note: Sample limited to respondents age 25-44 who report at least one parent's education. N=1,641

Percent

Educational attainment Both parents have high school degree or less At least one parent with some college or associate degree One parent received bachelor's degree Both parents received bachelor's degree
High school degree or less 53 22 15 3
Some college or associate degree 27 46 27 13
Bachelor's degree or above 20 31 58 84
Confidence Interval Ranges for each educational attainment
High school degree or less (upper bound) 47.79 17.75 10.18 1.31
High school degree or less (lower bound) 57.95 27.27 22.11 8.33
Some college or associate degree (upper bound) 23.03 40.84 21.71 8.82
Some college or associate degree (lower bound) 31.77 52.20 33.55 18.97
Bachelor's degree or above (upper bound) 16.07 26.57 50.56 77.07
Bachelor's degree or above (lower bound) 24.41 36.62 64.26 88.50

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Figure 3: Financial well-being compared to parents, by parents' educational attainment

Source: 2014 Survey of Household Economics and Decisionmaking

Notes: Responses are to the question: "Think of your parents when they were your age. Would you say you (and your family living with you) are better, the same, or worse off financially than they were?" Responses do not add to 100% due to rounding and non-response. Sample limited to respondents age 25-44 who report at least one parent's education. N=1,641

Percent

Overall Both parents have HS degree or less At least one parent with some college or associate degree One parent received bachelor's degree Both parents received bachelor's degree
Much worse off than parents 8 8 7 5 11
Somewhat worse off than parents 16 13 17 16 23
About the same as parents 24 24 27 23 25
Somewhat better off than parents 28 27 28 29 26
Much better off than parents 23 27 21 27 14

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Figure 4: Expectations of the financial well-being of the next generation of your family, by own educational attainment

Source: 2014 Survey of Household Economics and Decisionmaking

Notes: Responses are to the question: "Think about the next generation of your family (e.g. your children, nieces, nephews, etc.). When they are your age, do you think that they will be better off, the same, or worse off financially than you are today?" Responses do not add to 100% due to rounding and non-response. Sample limited to respondents age 25-44. N=1,743

Percent

Overall High school degree or less Some college or associate degree Bachelor's degree or above
Children much worse off 6 8 6 5
Children somewhat worse off 14 10 13 17
Children will be about the same 30 29 27 33
Children somewhat better off 31 29 32 32
Children much better off 17 23 19 12

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