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 parent’s 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 |
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 |
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 |
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 |