Being born wealthy is a better indicator of adult success in the U.S. than academic performance, a recent Georgetown study found. (via CNBCMakeIt)
, " being born wealthy is a better indicator of adult success in the U.S. than academic performance.
What they found was that poor kindergartners with good scores are less likely to graduate from high school, graduate from college or earn a high wage than their affluent peers with bad grades. Even if students from disadvantaged households do beat the odds and earn a college degree, they still face challenges. The Georgetown study found that kindergartners from low socioeconomic status families who scored in the top 25% and later earned college degrees had a 76% chance of reaching high socioeconomic status by the age of 25.
The Georgetown study also explores the impact of the additional advantages experienced by the children of wealthy families. In 2016, families from the highest income quintile spent about $8,600 per year on child enrichment activities while families in the lowest quintile spent closer $1,700.
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