A new study has found friendships between rich and poor can reduce poverty. The study looked at thousands of social media connections and found if poor children grew up in neighbourhoods where 70% of their friends were wealthy, it would increase their future incomes by 20%.

We’re joined by one of the study’s authors, Matthew O Jackson, a professor of Economics and Stanford University who explains how the study was conducted and what they found.

In this episode of the Briefing, how your friends impact your bank balance.

Today's Headlines:

- 5 million to benefit from welfare increases
- Climate bill debate begins today
- Trump holds first rally since FBI raid
- Kyrgios to take on Medvedev in bid for US Open quarters
- Nirvana wins court case over baby photo

Follow The Briefing:

Instagram: @thebriefingpodcast 
Facebook: TheBriefingNewsAU
Twitter: @TheBriefingAU 

See omnystudio.com/listener for privacy information.