This story says that people with college degrees whose parents also have a college degree make more money than those whose parents don’t have a college degree. It also found that for children without a college degree, it made no difference if their parents had a college degree or not.
Why? My opinion (you knew I would have one)
If a parent has a degree in a field that pays good money, say medicine, law, or STEM, also tends to have children who follow in their footsteps. Examples: I have a degree in the medical field. My son is a nurse practitioner. My uncle has a degree in computer engineering. My cousin got a degree in marine engineering and is on the design team for the Navy’s LCS.
What if a parent doesn’t have a degree? They assume that all college degrees have equal value. They convince the kids that they need to go to college and get a waste of a degree in Leisure studies, music, or Gender Studies. A degree is a degree, right? Example: My wife’s cousin has a degree in outdoor recreation. She is largely jobless and spends all of her time smoking weed and banging Colorado ski instructors. Or you can simply look at every Asian and Jewish family in America and observe that Asian and Jewish mothers consider an education to be a gift from God.
A parent who goes to college and gets a degree in Gender Studies or some other useless major winds up working at a McJob and decides that a degree is worthless. He tells the kid the same thing. Kid doesn’t go to college and winds up in the same company with the same McJob at the same pay as dad.