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May 15, 2015
The second essay in the Center's "Demographics of Wealth" essay series, which looked at the role education plays in families' ability to build wealth, was featured in over 20 news outlets, including Bloomberg News, Bloomberg Radio's Taking Stock, CNBC, the National Journal, St. Louis Public Radio, The Wall Street Journal, and The Washington Post. In the essay, the authors found that education and wealth are highly correlated, but correlation does not mean causation because several other factors that predict greater educational attainment are at play, including native ability, family background and even better health.