This is a great study by Stanford University’s Center for Education Policy Analysis regarding academic achievement and family income. The results shed additional light on the impact of parental income and student achievement. Interesting stuff.
Finally, the growing income achievement gap does not appear to be a result of a growing achievement gap between children with highly and less-educated parents. Indeed, the relationship between parental education and children’s achievement has remained relatively stable during the last fifty years, whereas the relationship between income and achievement has grown sharply. Family income is now nearly as strong as parental education in predicting children’s achievement.