Opening Lines: Does money affect children's outcomes

The London School of Economics this week published a cheerful report under the title Does Money Affect Children’s Outcomes? An Update.

You’d be forgiven for thinking that the update might only comprise one word — ‘yes’.

Reviewing 61 studies from OECD countries, including Australia and the UK, the study found direct correlation between money — or lack thereof — and a child’s outcome in life, including their cognitive development.