This question aims at the correlation between a societies standard of living and standard of formal education.
For example, over the past century, America has had the fortune of being a place with a high standard of living, relative to most of the world.
However, it is hard to ignore, that when foreigners come to study and work in American society, they bring their cultural standard of higher marks in course work or higher ranks in the work world.
Example: the "Asian F" is commonly known in American schools and colleges as an Asian student receiving the letter grade of a B in a certain course.
However, this grade among Americans had always been considered above average and continues to secure a higher standard of life, while the foreigners with the higher cultural mark standards come from a country with a lower standard of living.
So is there a correlation between Higher Education levels and Standard of Living?