Saturday, 06 August 2022 03:43

Richer childhood friends boost future income, Facebook data shows

Rate this item
(0 votes)

It has long been believed that having rich friends can help children rise up out of poverty, but previous research has had small sample sizes or limited data, according to two studies published in the journal Nature on Monday.

So a team of US-based researchers turned to Facebook, the world's largest social database, with its nearly three billion users offering unprecedented scale and precision to examine the issue.

They analysed the privacy-protected data of 72  million US Facebook users aged between 25 and 44  years. The Facebook friendships were used to represent real-world friendships.

The researchers used an algorithm to rank users by socio-economic status, age and region, among other factors.

They then measured how much richer and poorer people interacted with each other and created the term "economic connectedness" to represent the share of a person's friends who were above or below the average socio-economic level.

They then compared this measure with previous research into children's ability to escape poverty in every US zip code.

The results were "strikingly similar", said Raj Chetty, an economist at Harvard University and the lead author of the two studies.

The first paper showed that economic connectedness "is one of the strongest predictors of economic mobility that anyone has identified to date," Chetty said.

The second paper sought to find out why children from richer or poorer backgrounds are more likely to make friends in some areas than others.

Related video: Lotto do’s and don’ts as Mega Millions jackpot soars to $1B (ABC News)

- Let's be friends -

The researchers found two major factors. One was how much the two groups are exposed to each other -- for example whether they attend different high schools or live in separate neighbourhoods.

Even if wealthy and non-wealthy students did go to the same school, however, they still might not hang out with each other -- a factor the researchers called friending bias.

Around half of social disconnection between the rich and poor was due to lack of exposure to each other, the study found.

"But the remaining half is explained by friending bias," Chetty said.

The findings showed that US policies aimed at reducing economic segregation between schools and regions were important but "not enough," he added.

Where richer and poorer children meet has a major influence on whether they become friends -- meaning that institutions play a major role, the study found.

For example, friendships in religious institutions like churches were "much more likely to cut across class lines," Chetty said.

The data on exposure and friending bias was published on socialcapital.org on Monday, with researchers hoping it will prompt authorities across the United States to act.

Chetty predicted that similar results would likely be found in other countries, urging researchers and governments worldwide to access their own Facebook data.

Noam Angrist of Oxford University and Bruce Sacerdote of Dartmouth College in New Hampshire said the research represented "an important contribution that will enable a deeper understanding of social capital".

"A sensible next step is to extend Chetty and colleagues' monumental data creation and analysis to countries beyond the United States," they wrote in a linked comment in Nature. 

 

AFP

May 15, 2025

Decision making rule that helps you focus, make smarter choices, and think like a CEO

Marcel Schwantes Having coached executive leaders for two decades, I know they are bombarded with…
May 12, 2025

Northern leaders demand urgent action on insecurity, push for state police

Amid worsening insecurity across Nigeria, the 19 Northern governors and traditional rulers have called for…
May 14, 2025

The dark side of ambition - Tomas Chamorro-Premuzic

Ambition is one of the most defining forces in human affairs—a psychological engine that propels…
May 10, 2025

Town residents involutarily get high after Police burn 20 tons of confiscated cannabis

The 25,000 residents of Lice, a town in Turkey’s Diyarbakır province, involuntarily got high after…
May 14, 2025

Boko Haram, ISWAP terrorists attack four military bases in Borno within 24 hours, soldiers killed

Tension is rising in Borno State after Boko Haram and ISWAP insurgents attacked four military…
May 15, 2025

What to know after Day 1176 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Kremlin names delegation for Ukraine talks Russian President Vladimir Putin late on Wednesday…
May 11, 2025

African diet – plantains and cassava can be as healthy as tomatoes and olive oil,…

Plantains, cassava and fermented banana drink should be added to global healthy eating guidelines alongside…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.