<p>Although it has been said wealth does not pass three generations, the same cannot be said for its creation. As much as I favor equitable access to quality public education, upward mobility is a multigenerational battle of which education plays a minor role.</p>
<p>It has been my limited observation that kids from wealthy families (say more than $100mm in assets) tend NOT to be high achieving students. It has also been my observation that the brightest students are not the high achievers in the business work or those who earn their way into the top 1%. Will a good education and hard work allow one to raise up from the lower socioeconomic rungs into the upper middle class? Certainly. However, I challenge whether a HADES or HYPS education even correlates to gaining admission into that elusive 1% club. For those whose initial birth conditions were not third base, the best way to get there might well be to start a business using the half million dollars that went to BS and University.</p>
<p>Is a HADES or HYPS education is a red herring in the quest for social mobility? So, you graduate from PE and MIT, does that get you into inner circles of the truly powerful? Does it even get you into a good country club? I wonder. 1% is about power, not wealth.</p>
<p>I apologize for the rambling and going off topic a bit.</p>