this post was submitted on 24 Sep 2023
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[–] redballooon@lemm.ee 24 points 1 year ago* (last edited 1 year ago) (1 children)

How is that calculated? 6 generations is 150 to 180 years. What do these numbers mean? What happens to a family after 3 generations? Is it then slightly up in the bottom 10%? Does it apply to all successors of the first generation? Who then is then after 6 generations the bottom 10%???

What about that one child in the poor family that makes “it” despite the dire outlook? Does it break that map??

[–] Zeth0s@lemmy.world 6 points 1 year ago* (last edited 1 year ago)

Who have stats on my family 5 generations ago to know if where they sit in the national wealth scale of that time? (of a nation that did not even exist back then)

[–] ser@lemm.ee 11 points 1 year ago (2 children)

It is sad that it takes so many generations.

[–] redballooon@lemm.ee 4 points 1 year ago

It doesn’t even make sense.

[–] Hazdaz@lemmy.world 10 points 1 year ago (1 children)

I find this data very suspect. Greece is one of the poorer countries in the EU and somehow it takes fewer generations than far more rich countries like France and Germany? The only thing that makes sense is that they mention the mean salary, so Greek wages are so low that you don't need much to get up into the mean salary range, I guess.

[–] tryptaminev@feddit.de 12 points 1 year ago

It doesnt matter as much how high your wage is relative to other countries, when i suffices to afford a middle class life in your country.

Germany is particularly bad, because we have a class segregated high school system and the assistance systems to help low income households to get their kids to study at an university are reaching less people and are also insufficient because the rates were not adjusted to inflation. Oh and also thanks to many loopholes in the inheritance tax rich people can inherit without taxation whereas middle class people have to pay taxes. Finally eastern Germany was colonized and sold pennys on the hundred dollar bills to the western German Elites, creating a huge wealth disparity where most people are simply prized out of investing into anything lasting.

[–] PatFussy@lemm.ee 5 points 1 year ago

So on average, the lineage in the bottom 10% needs 100+ years just to get to average pay? Does this mean the average is moving down or that the peoples wage is moving up?