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Story summary
- Institute for Fiscal Studies (IFS) reports that housing wealth shapes social mobility for young adults, with parental wealth influencing living conditions and opportunities.
- IFS notes that wealthier families enable children to access high-earning job markets, especially in London.
- IFS notes high wealth persistence and that the housing boom has intensified transmission of advantage, with men benefiting more from parental wealth in top roles and women facing mixed outcomes.
