Having Wealthy Friends in Childhood Can Boost Your Income in The Future

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Having Wealthy Friends in Childhood Can Boost Your Income in The Future
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A sweeping analysis of more than 72 million Facebook users has found a big bonus to having rich friends.

On average, researchers found that if a child from a low socioeconomic family lives in an area where 70 percent of their friends are wealthy , their adult income increases by an average of 20 percent.

Outside Los Angeles, almost none of the low socioeconomic zip codes in the US that researchers analyzed showed high levels of economic connectedness. In other words, children tend to hang out with others their age that come from similar classes. In the end, economic connectedness was the only measure of social capital that strongly correlated with upward income mobility.

The current study was only able to demonstrate a correlation between economic connectedness and a child's future economic prospects. But this relationship was so strong it's worth investigating further., researchers found the extent to which friendships develop across class lines depends on both a person's exposure to other classes and their willingness to befriend other classes.

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