Towards a better understanding of inequity and the psychological processes underlying the intergenerational transmission of socioeconomic status.

As poverty in the U.S. is increasing and the income gap continues to rise, addressing disparities in socioeconomic status (SES) has become a national priority. This study employs the Interactionist Model, a well-established theoretical framework for examining the intergenerational transmission of SES. Specifically, using longitudinal data from a sample of 998 adolescents, 47.2% of whom are females, from diverse ethnic backgrounds, we investigated how parents' SES influences both their material and immaterial resources, and subsequently affects their offspring's SES through inhibitory control during adolescence. Our findings support an indirect effect wherein parental SES influences the SES of the next generation via parental material and immaterial investments. Additionally, we demonstrate that immaterial investments influence the next generation's SES, mediated by inhibitory control. The implications of these findings are further discussed.