Wealth inequality is a barrier to education and social mobility

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The US wealth gap is fueling an education and upward mobility gap. Wealth, along with income, can buy educational achievement through more books, tutors, and private schools. But wealth also offers a level of security that income (and financial aid, like Pell grants) can't. Young people in families with more wealth can focus on the academic challenges of higher education instead of the financial ones. Because education is a key way to escape poverty and gain economic independence, increasing access to wealth can mean increasing access to opportunity. Using data from the longitudinal...  [+] Show more

Subjects: Equity; Culture and society; Income; Higher education

Keywords: Social mobility; Academic achievement; Longitudinal data; Family

Geographic subjects: United States; North America

Published: Washington, District of Columbia: Urban Institute, 2017

Physical description: 12 p.

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Resource type: Report

Document number: TD/TNC 130.380

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