Earlier quoted context omitted.
I didn’t go to an Ivy League school, but I did go to Stanford. I assure you there are many of my classmates who failed at life, don’t have good jobs, and are otherwise don’t fit that description. An elite education is like a golden ticket, to be sure, but it doesn’t guarantee anything at all. Plenty of folks screw it up. Twenty-plus years now after my degree and no one cares at all about where I graduated. If I don’t…
The problem is that going to Stanford is skewing your definition of what "failing at life" is and of what a "good job" is.
In the decades since we graduated, plenty of my classmates have dealt with suicidal behavior, long term disabilities due to alcoholism or stronger drugs, repeated failed marriages, and a complete inability to hold down a job.
Elite education sets you up for success, but it doesn’t just hand it to you once you get it. Plenty of people screw it up big time.
The self-destructive behavior described in the article can continue in other walks of life and it does catch up. Especially as you get further away from your college days.