27 August, Tuesday, 2024
No menu items!
HomeSourcestelegraph.co.ukChildren of 'super rich' parents twice as likely to get into elite...

Children of ‘super rich’ parents twice as likely to get into elite universities

Harvard economists find wealth represents a form of ‘affirmative action’ that aids US college applicants from richest 1 per cent

Children from the very richest families are more than twice as likely to get into elite American universities than other applicants with similar academic records, a study has found.

A group of Harvard economists found wealth was a key factor in deciding college admissions after examining several hundred thousand applications made to 12 of America’s top academic institutions, including eight Ivy League universities.

They found that children from the wealthiest 1 per cent of families were 34 per cent more likely to be admitted than the average applicant, and the chances of the offspring of the richest 0.1 per cent were 220 per cent greater.

Researchers said the practice amounted to “affirmative action” for the children of parents with an annual income of at least $611,000 (£477,000).

RELATED ARTICLES

Most Popular

Recent Comments