Parental Income Quotes

In Cambodia, education is really a luxury, and many kids are thrown into work as early as possible. This means they can help support their parents, as often the parents don't even earn a living wage.

I went to Marymount College in New York City with a lot of kids whose parents paid their way, and I wouldn't even have thought of asking my parents - they couldn't afford it, not with six kids!

Our parents’ incomes play a larger role in our personal economic fortunes than is true for other peer countries.

Money dictates nearly step of social mobility from the very first moments of life. How much our parents make often determines whether we go to college. It affects the jobs we get offered and the ones we can afford to take.

I would say basically the commonplace observation that kids aren't going to earn as much as their parents is now is a coin flip at this point. Are you going to do better than your parents? It's a 50-50 chance, whereas if you were born in the 1940s or 1950s, you had more than a 90 percent chance you were going to do better than your parents. So basically almost a guarantee for most kids that you were going to achieve the American Dream of doing better than your parents did. Today, that's certainly no longer the case.

I pay our nanny more than I'm earning.

The single best indicator of whether or not a child is going to be in poverty or not is whether or not they were raised by a two-parent household or a single parent household.

I went to quite a nice school as a kid, where everyone was quite posh, because my dad was making some money.