How does unequal access to education influence intergenerational mobility and wealth accumulation in society?

Unequal access to education greatly affects how people can move up in society and build wealth over time. When some children do not have the same educational opportunities as others, they may struggle to gain the skills and knowledge needed for good jobs. This can create a cycle where families remain in lower income brackets because they cannot afford better education for their children, who then face similar challenges as adults. For example, if a child from a low-income family attends a poorly funded school, they may not learn as much as a child from a wealthier family, limiting their chances for higher-paying jobs in the future. As a result, this lack of access to quality education can keep entire generations stuck in poverty, making it hard for them to improve their financial situation.