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How young can you be when you irrevocably mess up your life? and How? (lemmy.ml)

submitted 5 days ago* (last edited 5 days ago) by Artemis_Mystique@lemmy.ml to c/asklemmy@lemmy.ml

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Just a thought I had, like what can a ten year old do(besides mass murder & accidents) that messes up their life so badly that it is unrecoverable?

It has to be something that is self inflicted and not something that is the cause of others around them.

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[–] jlow@beehaw.org 15 points 5 days ago (2 children)

I think the changes of that happening are statistically neglible, though (comfortable maaaaybe if you're really lucky but becoming rich is probably a one digit change, if that).

[–] NauticalNoodle@lemmy.ml 11 points 5 days ago* (last edited 5 days ago) (1 children)

Socioeconomic mobility over a lifetime in the U.S. has always been dramatically overstated, but in the past 20 years its gradually gotten worse

"In the US only 32% of respondents agreed with the statement that forces beyond their personal control determine their success."

"According to a 2012 Pew Economic Mobility Project study[24] 43% of children born into the bottom quintile (bottom 20%) remain in that bottom quintile as adults. Similarly, 40% of children raised in the top quintile (top 20%) will remain there as adults. Looking at larger moves, only 4% of those raised in the bottom quintile moved up to the top quintile as adults. Around twice as many (8%) of children born into the top quintile fell to the bottom.[24] 37% of children born into the top quintile will fall below the middle. These findings have led researchers to conclude that "opportunity structures create and determine future generations' chances for success. Hence, our lot in life is at least partially determined by where we grow up, and this is partially determined by where our parents grew up, and so on." -Per Wikipedia

2012 was 12 years ago, mind you.

Also found this 2021 Guardian Article that claims

"What about rising from rags to riches? In the US, 8% of children raised in the bottom 20% of the income distribution are able to climb to the top 20% as adults, while the figure in Denmark is nearly double at 15%. Equality of opportunity is also much less viable in the US than in other OECD countries..."

[–] jlow@beehaw.org 2 points 5 days ago

Thanks for that! So my hunch seemed to be oretty right, unfortunately (not sure if it should be everybody's goal to become rich, that seems unsustainable but I wish it would be possible for more people to live a happy life ...)

[–] mke_geek@lemm.ee -1 points 4 days ago (1 children)

It takes work, and if people don't want to put in the work then they will never get there.

[–] Didros@beehaw.org 2 points 4 days ago (1 children)

It takes education, you can work your whole life at being a pro golfer, but if you never receive guidance, you will not reach your potential.

[–] mke_geek@lemm.ee 1 points 3 days ago (1 children)

Being a pro golfer isn't the only way to make money.

[–] Didros@beehaw.org 1 points 3 days ago

Working isn't the only way to amass capital either. In fact, it is surely the slowest method.