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Re:Who Gets to Graduate? by joshvm on Friday June 06, 2014 @05:12AM (#7856896)
Wealth is a poor indicator of education. Usually the questions will be how much do the parents earn, rather than where they live or their standard of living. My Dad has a doctorate in physics from a top university, yet he's pretty much given up normal employment and lives a happy sustainable life. Measured by annual income alone, he's probably below the poverty line.
Re:Who Gets to Graduate? by qq66 on Friday June 06, 2014 @07:46AM (#7857312)
On an individual scale, wealth is a poor indicator of education, but in the aggregate the correlation is very strong: http://www.bls.gov/emp/ep_chart_001.htm

Doctoral degree-holders are unique in that they're the only group that earns less than a lesser-educated group (professional degrees).

Re:Who Gets to Graduate? by cperciva on Friday June 06, 2014 @03:46PM (#7859957)
A professional degree isn't exactly "less" than a doctorate, though. Traditionally speaking, Medicine and Law are doctorates... and they both rank ahead of the Doctor of Philosophy (but behind a Doctor of Divinity, which is the highest doctorate).
Re:Who Gets to Graduate? by dragonwriter on Friday June 06, 2014 @04:46PM (#7860199)
> Traditionally speaking, Medicine and Law are doctorates... and they both rank ahead of the Doctor of Philosophy

No, while medical doctors and lawyers (civil doctors), were recognized uses of the term "doctor" for quite some time, traditionally the professional degrees in both fields have been baccalaureate degrees (the MBBS in medicine/surgery and the LL.B. in law), outside of certain Scottish universities, and the change to make the degrees generally doctorates were fairly recent (19th Century) US innovations.