A college degree is worth less to poor kids

[eridani]

https://www.washingtonpost.com/news/wonk/wp/2016/02/22/still-think-america-is-the-land-of-opportunity-look-at-this-chart/?wpmm=1&wpisrc=nl_wonk

Policymakers on the left and right often tout education as the bridge to help poor kids make their way up the income ladder -- people with more education make more money. But striking new research from the Brookings Institution shows that simply sending more kids to college won't fix income inequality: As it turns out, a college degree is worth a lot less, earnings-wise, to poor kids than to rich ones.

Brookings's Brad Hershbein analyzed data from the Panel Study of Income Dynamics, a massive, nationally representative study that's tracked the economic progress of 18,000 individuals in 5,000 families since 1968. Because the study tracks the same families over close to 50 years, researchers can see things like how the family environment a person grows up in affects their earnings decades later.

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