You've heard the saying -- that apples don't fall far from the tree. But when it comes to earning potential, that saying may not be so true anymore.
A new study out of Stanford, Harvard, and U.C. Berkeley finds that children today are far less likely to earn as much money as their parents, compared to past generations. It says that likelihood has fallen from 92% for kids born in the 1940s to just 51% for those born in the 1980s -- our current Millennials.
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