The following is an excerpt from Unleashing Opportunity: Why Escaping Poverty Requires A Shared Vision Of Justice.
A perfect storm of economic and social challenges – from globalization to family breakdown – is undermining something important about America: the ability of people born into low-income backgrounds to advance economically over their lifetimes. Economic mobility has become stalled in America.
But here is the good news: getting a college education remains one of the most powerful sources of economic mobility in America. When children from the poorest families (the lowest 20 percent in income) lack a college degree, only about 14 percent of them will reach the top 40 percent of income over their lifetimes. But if they earn a degree, fully 41 percent will make this dramatic economic advance.
Here is the bad news, there’s a graduation gap in America: According to national research, of students with similar high school GPAs (3.0 or higher), only 21 percent of low-income, first generation students who enroll in college will earn a bachelor’s degree after six years. For their high-income peers who had a parent go to college that number is 77 percent.
Closing the graduation gap requires many different people and institutions working effectively and where it’s appropriate, in cooperation. It requires responsibility, aspiration and resilience on the part of students; stable and encouraging families; supportive mentors; effective teachers; well-run educational institutions; and a government committed to upholding public justice.
Some individuals, of course, defy the odds and do exceptional things even in very bad situations.