More than 1% of the kids at Ivys are from the 1%, or at least that's what conventional wisdom is, and that may or may not make sense. The posted article is attempting to explain that it's through a fault in the system where those with money can use that money as a substitute for intellect or drive to distinguish their children.
I have no clue if it's right, but it's more valuable to daily life of those applying to Ivys than Honey Boo Boo or Jersey Shore would be.
It's as relevant to daily life as Honey Boo Boo or Jersey Shore.