Final answer:
The belief that dropout rates are higher among young people from rich families is false. Wealthy families generally provide more support and resources, leading to lower dropout rates and higher educational attainment for their children.
Step-by-step explanation:
The statement 'The dropout rate is higher for young people from rich families who have many opportunities to succeed without going to school' is generally considered false. Research has consistently shown that young people from affluent families tend to have higher graduation rates and greater educational attainment compared to those from low-income or working-class backgrounds. This is primarily due to the myriad of opportunities and supports that wealthier families can provide, including better schools, additional educational resources, and more stable home environments that facilitate learning.
Students from rich families also have access to networks that can lead to internships and jobs, which is a crucial aspect of the 'Ladder of Opportunity' that can perpetuate their higher socioeconomic status. Additionally, children of parents with postsecondary degrees are more likely to graduate compared to first-generation students. However, it is crucial to acknowledge that while the probability is lower, there may still be instances of students from wealthy backgrounds leaving school early, driven by other factors and not necessarily due to lack of opportunities.