Article is a hilarious hit piece. I think a good number of the parents opting into private elite pre K programs for their kids or forking over 100s of thousands of dollars in bribes/donations are NEW MONEY. They have high salaries and wealth, but not the elite university pedigrees and club memberships of old money whites.
Their children will eventually compete for entrance into the top schools against legacies, children of alumni who make HUGE contributions yearly to those schools.The idea is that they will spend ANY amount of money to crack into that circle, and once they do, they are "accepted" and their descendants are considered a part of that class. With money at their disposal, these parents will spend any amount to give their kids a leg up in life.(real or perceived)
The father of Jared Kushner, was a self made man, and was at one time perhaps the WEALTHIEST man in NJ. He wasn't an old money WASP from Princeton though, he was a 1st/second generation jew from Hofstra. He made a HUGE contribution to Harvard the year Jared applied and JK got in. Now Jared has the wealth, and that "stamp".
What's hilarious to me is that the old money elite still find ways to distinguish themselves from new money that has broken into the circle
I say it's a hit piece because people trying to crack into the next "social class" go to extreme lengths all the time. As a % of their salaries, these elite pre K/kindergarten programs are less costly for these new money types than the things that less wealthy people do.