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Poverty trap? New study shows little impact of financial windfalls for families

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Are children’s economic fortunes limited by their parents’ financial circumstances? A new study examining the impact of a Georgia land lottery suggests that a lack of financial resources has little to do with kids’ success. Hoyt Bleakley of the University of Chicago’s Booth School of Business and Joseph Ferrie of Northwestern University tracked the descendants of Georgians eligible to win the...

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