The ovarian lottery can perhaps claim to be the highest return lottery ticket. If you take birth in a rich family, you are most likely all set for life. And it appears to have become even more so in recent decades.
This graphic which highlights the gap in resources that families at different income levels spend on children is striking. It has declined for the last three quintiles, stagnated for the fourth, and ballooned spectacularly for the highest.
A full 29 percent of last year’s freshman class at Harvard were relatives of Harvard graduates.
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