Who makes it to the top of the income pile? The motivated and intelligent people who are willing to work hard, able to sacrifice for a goal, and able to defer instant gratification for a long-term benefit. (and lottery winners.)
Who makes it to the top of the education pile, achieving a high school and then a college diploma by any means possible? The motivated and intelligent people who are willing to work hard, able to sacrifice for a goal, and able to defer instant gratification for a long-term benefit. (and spoiled rich kids)
What kind of kids are motivated and intelligent people who are willing to work hard, able to sacrifice for a goal, and able to defer instant gratification for a long-term benefit? They are usually kids imitating their parents' qualities of being motivated and intelligent people who are willing to work hard, able to sacrifice for a goal, and able to defer instant gratification for a long-term benefit. The Income Gap is really an Education Gap which is really a Motivation and Work-Ethic Gap.
I don't see the motivation, work-ethic, and intelligence gap going away any time soon.
The chart below shows that as people's income rise, so too does the likelihood that they have a college degree or higher. By contrast, those with the lowest incomes are most likely to have a high school education or less. Just 8% of those at the lowest income level have a college degree while 78% of those earning $250,000 or more have a college degree or advanced degree. At the other end of the income scale, 69% of low-income people have a high school degree or less, while just 9% of those earning over $250,000 have just a high school degree.
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