“The privilege of going to college in the US has always been about money”, Pfeffer featured in Quartz
In 2017, less than half of all 25-34 year olds in the US had college degrees. Research by University of Michigan sociologist Fabian Pfeffer shows that low-income kids born in the 1980s have not been able to catch up. Now in their 30s, just over 10% of those born into the bottom fifth of household wealth have obtained a college degree (paywall). This compares with around 60% of kids in the top fifth of richest families.