Parental income shapes children's educational prospects

Slovakia ranks among countries with the lowest levels of income inequality in the world, yet parental income still shapes children's educational prospects, according to data from fiscal responsibility council RRZ. While 60% of children from average-income families go on to university, the figure rises to 90% for those from the top 5% of earners. University graduates in Slovakia earn on average 25% more than peers with only secondary education. The country's egalitarian character is illustrated by the fact that while in the US only one in three children from the poorest backgrounds reaches university, in Slovakia the figure is 50% for the bottom income quintile of households.

(startitup.sk)