Secretary of Education Arne Duncan has often stated that “education [is] the one true path out of poverty—the great equalizer that overcomes differences in background, culture and privilege. It’s the only way to secure our common future in a competitive global economy.” While this claim appears obvious, here’s what blogger Matt Bruenig concluded in a blog post titled, “What’s more important: a college degree or being born rich?” in which he examined the data:
So, you are 2.5x more likely to be a rich adult if you were born rich and never bothered to go to college than if you were born poor and, against all odds, went to college and graduated. The disparity in the outcomes of rich and poor kids persists, not only when you control for college attainment, but even when you compare non-degreed rich kids to degreed poor kids!
Therefore, the answer to the question in the title of his post is that you are better off being born rich regardless of whether you go to college than being born poor and getting a college degree.
Brazil experienced one of its biggest nights of protest in decades on Monday as more than 100,000 people took to the streets nationwide to express their frustration at heavyhanded policing, poor public services and high costs for the World Cup. Full story here.
Photograph: Ueslei Marcelino /Reuters