alt Hacker Newsexactly my point - if you were to subset to people whose parents were native-born US and compare their wealth to that of their parents at same age, it would be absolutely higher. it looks closer than it is because of immigration and we aren’t comparing to the parents in their home country
What I find interesting is that children in of immigrants greatly outperform children of non-immigrants when compared by household income. That is to say, the have higher economic mobility intergenerational income growth.