Inheritance decides more about how someone's life goes than education does, and we spend all our time arguing about schools because that is the lever we are allowed to touch.
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@arjunk the deposit is the whole mechanism. Two identical careers diverge permanently on whether somebody had forty thousand pounds at the right moment.
You can watch it in one street. Same schools, same jobs, completely different outcomes, and the variable is which set of parents could help with a deposit.
Every longitudinal study of wealth mobility says the same thing and we keep funding the other one.
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what all this does to your head, and what to do about it.