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Family income levels affect children’s education and learning. Parents with good stable income have a choice of neighborhoods in which to raise their children. Most of the wealthy families select expensive neighborhoods. Coincidentally, the upscale communities constitute good schools that can nurture students into excellence. Therefore, by extension, students get in the situation have an opportunity to excel in school.

Moreover, students interact with their peer neighbors that reside within the same locality and challenge each other to work harder for academic excellence. In most rich neighborhoods, the community has access to infrastructure that promotes co-curricular among students. In the United States, higher learning institutions have scholarship programs for students with exceptional talent in sports. Therefore, early exposure of students to training facilities within their neighborhoods accelerates their talent development to standards that attract prestigious higher learning institutions.

The majority of financially stable families have parents with excellent educational backgrounds. Highly educated parents consider the quality of education in learning institutions before taking their children to school. Schools that have strict standards of teaching and performance increases the chances of excelling among their students. Therefore, students develop under high standards of education and learning. Consequently, such students have a higher chance to succeed and attain quality grades.

Low socioeconomic status attribute to high rates of school dropout figures in the United States. Students with a low social-economic background have limited resources to support learning. School dropouts among people with low income and socioeconomic status even as education levels increase throughout the world. Poor cognitive development, memory, and cognitive abilities partly affect early childhood development in poor socioeconomic settings. Students from poor backgrounds have fewer resources that encourage academic growth.

Moreover, low-income socioeconomic status makes some parents delay taking their children to school. Ultimately, the majority of the students enter average high schools that significantly reduce their chances of joining college. For those who qualify to enroll, the parents cannot afford to sustain the students in colleges. Therefore, such students either delay their entry into higher learning or split their attention between work and education. Students from poor backgrounds have to put in extra efforts in colleges to finance their education. Such students have to put in several hours of a job shift after classes rather than concentrate solely on studies. On the other hand, students from affluent backgrounds only have to focus on getting quality grades; hence, more likely to succeed.

Education is synonymous with the financial background of a student. Students from a stable financial environment have a higher chance of succeeding due to the availability of most factors that promote academic excellence. Therefore, financially stable families will keep producing educated students, while those from deprived backgrounds are likely to struggle. This is the current setup of our society. Families with strong financial backgrounds can increase their fortunes by educating their children in the best learning institutions and ultimately joining the workforce in plum positions.

Conversely, students from poor backgrounds struggle to attain impressive results that will enhance their prospects of changing their experience. High dropout rates among the students from poor backgrounds make most of them find low paying jobs and only try to survive between paychecks. Consequently, the academic and financial disparity in society still keeps increasing due to the current educational setup.

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