Most children today are better educated than their parents, but much fewer enjoy better income
Today’s generation of Malaysians are enjoying better education than their parents. Despite this, the social mobility in education has not translated similarly in equal mobility when it comes to the types of jobs and the level of income. (Based on Khazanah’s Socio-economic Mobility Report in 2016, while 62% of Malaysian children enjoy better education than their parents, only 37% hold better skilled jobs, and only 35% enjoy better income. In fact, 15% of Malaysian children hold worse skilled jobs than their parents, and 39% have worse income.) The poorer social mobility in terms of job skills and income imply that future generation of Malaysian families will likely suffer poorer economic wellbeing.