SwCA Episode 118: What Rich families know about college that Poor families don't.

SITE: http://www.courtneyanderson.com/swca-episode-118-financial-fierceness-series-what-rich-families-know-about-college-that-poor-families-dont.html SHOW NOTES: This episode is part of our FINANCIAL FIERCENESS!™ series! Our FINANCIAL FIERCENESS!™ series integrates our financial goals into our overall strategic development plan for surpassing our goals. This episode is, “What ‘Rich’ families know about college that ‘Poor’ families don’t.” Education = Economic Opportunity: “Rich” families know that and ensure that they and their children obtain degrees from the most competitive colleges possible. Thus, the “rich” get richer.Consider:- At Harvard, 45.6% of undergraduates come from families with incomes above $200,000 — in other words, incomes in the top 3.8% of all American households. (http://www.forbes.com/sites/maggiemcgrath/2013/11/27/the-challenge-of-being-poor-at-americas-richest-colleges/)- Americans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree. That’s up from 89 percent five years earlier, 85 percent a decade earlier and 64 percent in the early 1980s. (http://www.nytimes.com/2014/05/27/upshot/is-college-worth-it-clearly-new-data-say.html?_r=0)- "Just under three-fifths of those from the no-degree families who started college reported finishing it, compared with roughly 70 percent of those from both two- and one-degree families. […] "In the old days, say the 1980s, the parental income predicted children's success," he said. "Now the [parental] educational variable appears to be more powerful than income." Studies, Carnevale said, suggest that parents' educational attainment shapes outcomes for children through a "steady drumbeat" of attitudes and experiences." (http://www.theatlantic.com/education/archive/2014/04/are-college-degrees-inherited/360532/)- Would you rather earn $827 per week or $1,714 per week? (http://www.bls.gov/emp/ep_chart_001.htm)Let's discuss! © Courtney Anderson Enterprises LLC  CourtneyAnderson.com   [email protected]