When I wrote this in my previous post:
After all, 6 times as many people who grow up in the top quartile by household income in the U.S. graduate from college as compared to those of us who are [sic; should have been “were”]
bottom feedersin the bottom quartile.
I had been looking at data from the 1979-1982 birth cohort in the National Longitudinal Study of Youth from a couple years ago that indicated that 54% of children growing up in the top quartile of family income had graduated from college as opposed to 9% in the bottom quartile. Considerably later than my birth cohort, but more appropriate for recent trends. In any case, six times nine is fifty-four. Except that the true number may be even worse! Right on the cover of this just released report from those commies at the Pell Institute, they quote numbers of 73% and 8%! (The 2013 numbers they quote later in the report are actually 77% and 9%; I think the cover figure is for 2012.) Either way, it’s about a factor of 9. Although my institution skews to the high side of the income spectrum, at least I don’t see very many overprivileged rich snots – outside of the professorate anyway.