The recent focus on reducing the extent of child poverty in the UK stems mainly from worries about the future consequences of poverty on children's later achievement. With this background in mind, it is clearly crucial to improve our understanding of the costs of growing up poor. This report explores the strength of the link between childhood poverty and poverty later in life, and asks whether this link has grown stronger or weaker in recent decades. This report uses information on the incomes of two British cohorts to address the following questions: how large is the transmission of poverty...