 Studies have shown that education and family background has a great effect on economic mobility across generations.Family background or one's socioeconomic status affects the likelihood that students will graduate from high school or college, what type of college or institution they will attend, and how likely they are to graduate and complete a degree.According to studies, when split into income quintiles including the bottom, second, middle, fourth and top, adult children without a college degree and with parents in the bottom quintile remained in the bottom quintile.