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Troy Patterson

Poor kids who do everything right don't do better than rich kids who do everything wron... - 0 views

  • America is the land of opportunity, just for some more than others.
  • it's not just a matter of dollars and cents. It's also a matter of letters and words. Affluent parents talk to their kids three more hours a week on average than poor parents, which is critical during a child's formative early years.
  • Even poor kids who do everything right don't do much better than rich kids who do everything wrong. Advantages and disadvantages, in other words, tend to perpetuate themselves.
  • ...3 more annotations...
  • Specifically, rich high school dropouts remain in the top about as much as poor college grads stay stuck in the bottom — 14 versus 16 percent, respectively.
  • It's an extreme example of what economists call "opportunity hoarding."
  • It's not quite a heads-I-win, tails-you-lose game where rich kids get better educations, yet still get ahead even if they don't—but it's close enough.
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