article_snippet: Having rich parents doesn’t just buy an expensive education and exciting holidays abroad.
article_snippet: Parental income was found to be more important than Parental income education.
article_snippet: Richer people live further away from Richer people parents than those on modest wages, a study in December 2014 claimed.
article_snippet: Annuities firm Partnership said this was because high-earning professionals were more likely to have moved away from where high-earning professionals grew up to secure a lucrative career.
article_snippet: However, parental income was even more important.
article_snippet: However, parental income was even more important, perhaps because the children had better living conditions (stock image shown)
article_snippet: It is thought this is because a slight increase in income makes a bigger difference to living conditions to someone on a low wage than to someone who is already well provided for.
highlights_snippet: Parental income was found to be more important than Parental income education .
  
highlights_snippet: This is thought to be due to a difference in living conditions .