Social Mobility: A relatively fluid society

 

Thus far:

14% of people born to parents in the lower 20% of incomes reached the top 20% of income after they have finished their education and are well into their working lives around their early 30s. 

This is higher than that in Denmark and almost twice that in the United. 

Exercpt from:
The Economic Society of Singapore SG50 Distinguished Lecture by Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam
14 August 2015