I do not see any way "historical wealth" could directly - without intervening variables - influence one's SAT scores. Of course, having affluent parents may mean certain value given to quality education, certain amount of care and access to development tools and so on - but then those should be primary factors considered, not wealth per se.
"Does test preparation help improve student performance on the SAT and ACT? For students that have taken the test before and would like to boost their scores, coaching seems to help, but by a rather small amount. After controlling for group differences, the average coaching boost on the math section of the SAT is 14 to 15 points. The boost is smaller on the verbal section of the test, just 6 to 8 points. The combined effect of coaching on the SAT for the NELS sample is about 20 points."
http://nepc.colorado.edu/files/Briggs_Theeffectofadmissionst...
I would bet that's far more likely.
http://articles.washingtonpost.com/2013-08-29/national/41584...
So in fact, it is more likely that people from wealthy backgrounds are able to better utilize their intelligence, and thus retain their wealth and status, whereas people from poor backgrounds are at a disadvantage when it comes to escaping their position in life.
Maybe you should actually read the article I linked to, if it would help you understand what I wrote.
I just think it's a stupid use of "disadvantaged." It implies someone else has an advantage, in to quote you, "escaping their position in life." It's like saying a bad baseball player is at a disadvantage when trying to become a good baseball player. It almost doesn't make any sense.
Same goes with the idea that poor people are disadvantaged about making decisions wrt money. Of course they are, or they quite likely wouldn't be poor any longer. To use baseball again, or any skill really, the experts of course have advantages in deciding the best course of action, and typically have more ways to achieve it.
What I've gleaned here is that you consider poor people to be novices at the skill of acquiring wealth. I agree. For some reason people seem to think it's far different from rookies in other skills, because acquiring wealth is perceived by most to be a vital part of success, happiness, health, etc.
Id love to see Paxman interview sarah palin or Ted Cruz for example.