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Wealthy parents pass on three quarters of their fortunes to their children meaning it will take 300 years for the offspring of today's super-rich to have average incomes, a survey has revealed.
研究显示,富有的父母们会把四分之三的财产留给子女们,这就意味着现今富豪的后代三百年后才会与普通人收入持平。
The sons and daughters of prestigious1 families are also likely to live longer than average, more likely to attend Oxbridge, live in expensive houses, and go on to become doctors or lawyers.
There is also little difference in wealth or social standing2 when the richest families of the Victoria era are compared to their descendants today, according to the study.
Publishing their findings in the Economic Journal, Professor Gregory Clark and Dr Neil Cummins said: 'What your great-great-grandfather was doing is still predictive of what you are doing now.'
The pair examined the records of 19,000 people, including more than 600 rare family names such as Bazalgette, the Pepys, and Bigge.
Joseph Bazalgette was responsible for building the world's first sewer3 system in London in the 19th century, the Pepys family tree contains noted4 diarist Samuel Pepys, and John Bigge was a judge and royal commissioner5.
They found that, compared to their relatives in 1850, those living with that surname today are almost certain to have amassed6 fortunes well beyond the reach of the average Briton.
For example Sir Peter Bazalgette, the great-great-grandson of Sir Joseph, is the founder7 of Endemol television production company which created Big Brother and Deal or No Deal.
The company was floated on the Dutch stock exchange in 2005. It trebled in value and was sold for £2.5billion in 2007.
The findings of Dr Clark and Dr Cummins, reported by The Guardian8, suggest that the passing down of wealth has a far bigger impact on society than previously9 thought.
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