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This paper analyzes the impact of parents' education levels on offspring income using data from the four rounds of China Family Panel Studies (CFPS) from 2014 to 2020, employing a two-way fixed effects linear regression model. The empirical results show that parental education significantly boosts offspring income, with mothers exerting a stronger overall influence. Gender patterns show daughters are more affected by maternal education and sons by paternal education. Intergenerational mobility is lower in western and rural areas, but higher in central, eastern, urban, and migrant families. Parental education positively impacts offspring's cognitive and non-cognitive abilities. Specifically, fathers' education levels have a stronger impact on cognitive ability, whereas mothers' education levels are more influential in non-cognitive ability development.