A little over a month ago, at a high school on the outskirts of Paris, a group of students blocked their school to protest the condition of the facilities and the lack of teachers. Within days, students from other schools joined in, first in Paris and then across the country, complaining of leaks in classrooms and even cockroaches, and of walls that are cracking. They are cold in the winter and hot in the spring. That image of public schools — long considered a pillar of the French Republic, but gradually falling apart — also illustrates the economic decline of recent years.

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Antaño, la receta para prosperar pasaba por trabajar duro y ahorrar. En las últimas décadas, gana terreno la heredocracia: un modelo de sociedad en el que el futuro económico depende cada vez menos de lo que se gana con esfuerzo y más de lo que se recibe de la familia. Si bien las generaciones milenial y Z (las nacidas entre 1981 y 2012) tienen menos riqueza que sus padres a su misma edad, las herencias que reciben son más generosas.

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