[ndriscoll]

What does it mean to say statistically people are doing worse than their parents? By what metrics?

Educational attainment has been increasing for decades so it's hard to believe that it's become significantly more difficult to get in. The school I went to has an 86% acceptance rate, for example. It's also hard to believe that going to a state school is going to doom you. There just aren't enough ivy graduates for that to be practical. The BLS stats also indicate that getting a math/engineering/CS degree is a pretty solid choice and is more likely than not to bring you success (e.g. the median personal income with those degrees is a decent amount higher than the overall median household income. Want to have a single-income household? You can do that while living better than average).

If comparing to one's parents, obviously the bar is different if you come from lower vs. upper-middle classes, which is sort of my point. My B performance put me in a much better position than my parents. I could've done a decent amount worse and still met that bar. The child of an MIT-graduated engineer has a higher bar to meet, but that's not actually necessary to do okay in life.

I didn't imply that having these qualities will automatically reward you. I was addressing the idea that if we can tell ahead of time who will "amount to something", those people are somehow less deserving of their success, which is ridiculous. My teachers identified that I was likely to be successful starting in kindergarten, but I've still had to spend the rest of my life consistently showing up and doing the work. I'm sure I also could be more aggressive about chasing career success, but I'm happy not to. If others want to do that, good for them. Maybe they had engineer tiger parents that taught them not to be such slackers, and now they can be rewarded for that. If they're happy then that's great.