"You might think that, above a certain income level, there would be diminishing returns for competitive parenting. Once you have an excellent school (probably in an expensive neighborhood), SAT tutors, music lessons and select sports leagues, aren’t the boxes of intensive parenting checked off? But American inequality has been particularly pronounced at the top, with larger and larger shares of income going to the top 1 or even 0.1 percent of earners, so even parents near the peak of the income scale feel inequality’s pressures. The desire to push children one rung higher is relentless. Indeed, since the 1980s, couples with more money and more education have increased the time and money spent on their children at a much faster rate than others."
~ M. Doepke & F. Zilibotti
https://www.washingtonpost.com/news/posteverything/wp/2019/02/22/feature/how-economic-inequality-gives-rise-to-hyper-parenting/?noredirect=on&utm_term=.673943db2c08
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