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Re:What is it like to be poor at an Ivy League school? by taurath on Wednesday April 22, 2015 @06:42PM (#9424049)
This is about connections later in life that can have huge economic benefits. Connections to someone who's starting a business and needs a co-founder is much more "economically" valuable than someone who's going in as a regular software developer. Same person, same skillset, different connections, very very different economic outcomes.
Re:What is it like to be poor at an Ivy League school? by mc32 on Wednesday April 22, 2015 @10:48PM (#9424748)
The Chinese are fascinating in this regard. To some extent they can thinking term and are willing to sacrifice the present generation so that the future generation have an advantage. That's to say they are willing to toil and thole in this generation to step up one more rung and have next generation one run closer to the top.

Parents will live in penury in order that they afford their progeny a better future. This is not u heard of in the west, but it's less common. Culture has a lot to do with it.