Financial News

Rich Kids Really Do Have Advantages, Claim Researchers

It’s true that some children are born with a silver spoon that gives them a boost through life, according to new research.

Rich kids really do have a gene that makes them excel at school and beyond, while poor children have to struggle on at a disadvantage.

Basically, the controversial report suggests that kids with wealthy parents inherit their ability to make more of their lives, while kids from poorer backgrounds struggle from the start.

The report is published by the Australian government’s productivity commission.

Researchers say the genes explain the gap between how well rich and poor kids perform at school, and the difference cannot be put down to easier access to books or computers, more attentions from mums and dads or schooling.

Inherited genes

The research also confirms a British study that hinted that inherited abilities give rich kids a helping hand throughout their lives.

“Anyone who suggests genes are behind why some children do better than others is a controversial area because people like to think everyone is born equal,” said a spokesman.

“Unfortunately, it’s beginning to look like we’re not born equal and the rich really do have the inbuilt opportunity to make more of their lives simply by who their parents are.”

The commission reveals some unpalatable facts about Australian families that many will find difficult to believe.

The study reveals that the unemployed tend to lack the parenting skills of wealthier families in work.

Their children are also more likely to fight and tell lies – and be bullied.

Deep disadvantage

Poorer kids tend to lack perseverance, are less motivated and have lower self-esteem, it goes on to say.

“Children with a better family life invariably seem to do better than those who have  parents who lack interest in their achievements and do not encourage their children to do well,” explained the report.

“Tests at school show that children who attain better performances almost always have parents who read, sing and interact with them. They also read signs out loud, talk about their day and explain what is going on around them.”

The study Deep and Persistent Disadvantage in Australia, suggests good parenting, doing well at school and finding a job is a beneficial in avoiding deep disadvantage for many Australians over 15 years old.

Researchers estimate about 5% of the population experience deep disadvantage at some time in their working lives.

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