A Quote by Raj Chetty
I would say basically the commonplace observation that kids aren't going to earn as much as their parents is now is a coin flip at this point. Are you going to do better than your parents? It's a 50-50 chance, whereas if you were born in the 1940s or 1950s, you had more than a 90 percent chance you were going to do better than your parents. So basically almost a guarantee for most kids that you were going to achieve the American Dream of doing better than your parents did. Today, that's certainly no longer the case.
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Think about reading: Today, parents would love it if their kids read books more because the parents understand the books. Just over 100 years ago, parents were upset because their kids were reading dime-store novels. Parents would say, "I don't want you inside reading anymore. Get outside and play." I guarantee you, in 50 years or so, parents are going to say, "You're not going outside to play until you finish that video game."
My three daughters are all going to go to college, and it's not even a question. When I was applying to college, my parents were hoping that I would just go somewhere. Today, they look at their grandkids, and they know those kids will have a chance to build this country in bigger and better ways than my parents ever had a chance.
Always obey your parents. When they are present. This is the best policy in the long run. Because if you don't, they will make you. Most parents think they know better than you do, and you can generally make more by humoring that superstition than you can by acting on your own better judgment.
Part of the American ethos is that you want to leave something better for your kids than you had and I know that my parents felt that way and I know that my grandparents felt that way and everybody worked hard so that their kids had a better chance. I just don't want to be the first generation that doesn't do that.
I feel like kids are the perfect psychic investigators of their parents, and kids understand their parents' unconscious better than the parents ever do.
There’s a belief now that the problem with our schools is parents, that if we just had better parents we would have better performing kids and, therefore, we wouldn’t have a problem at all. But what’s missing in that equation is that you do have a lot of parents in this country who are very involved in their children’s education and who do want something better. They want to see better for their kids. They know that they’re in schools that aren’t performing particularly well and if you look at how we treat those parents, it is quite poorly.
I think private school is much better at customer service and making the parents feel better, especially in Los Angeles. It's almost like a spa for the parents where you drop your kids off, where they give you a beautifully baked thing and let the parents write their own newsletter about global warming.
Parents do the best they can. But my parents are better grandparents than they were parents.
All you can do is put your story out there enough times and hope that a couple will understand that no matter what type of athlete you are - there were no athletes better than I was, there was no one who had more going for him than I did, there was no athlete stronger mentally than I was.
I've come to realize that making it your life's work to be different than your parents is not only hard to do, it's a dumb idea. Not everything we found fault with was necessarily wrong; we were right, for example, to resent, as kids, being told when to go to bed. We'd be equally wrong, as parents, to let our kids stay up all night. To throw out all the tools of parenting just because our parents used them would be like making yourself speak English without using ten letters of the alphabet; it's hard to do.
Realistic expectations for life are that we are going to be better today than we were yesterday, be better tomorrow than we were today. That's a plan for success. So [the key is] simple: just work.
Now people are much more receptive because they can just go online and just Google your name and make sure you're not, you know, psycho. But, before, I think lot of opportunities were missed by a lot of girls. Also parents! The girls would go home and would say, "Oh, you know, I was just scouted." And the parents were, like, "You're not going to be a prostitute."
If you're only going to give away 50 percent of your wealth... c'mon. I'm going to do much more than that.
The most important thing of all is my parents were able to leave all four of their children better off than themselves. That story has a name, it's called the American dream.
Because we believe ourselves to be better parents than our parents, we expect to produce better children than they produced.
No one has found a gene for IQ. "Heritability" means that identicial twins are more similar than fraternal twins, right? Fraternal twins more similar than non-siblings. The heritability is 50 percent if your parents went to college. But if your parents never graduated high school the heritability is zero. Zero.
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