The Ultimate Quotable Einstein by Alice Calaprice lists this as "probably not by Einstein". However, this post from quoteinvestigator.com http://quoteinvestigator.com/2014/04/29/common-sense/ traces it to a reasonably plausible source: the second part of a three-part series by Lincoln Barrett (former editor of 'Life' magazine) titled "The Universe and Dr. Einstein" in Harper's Magazine, from May 1948, in which Barrett wrote "But as Einstein has pointed out, common sense is actually nothing more than a deposit of prejudices laid down in the mind prior to the age of eighteen." Since he didn't put the statement in quotes it could be a paraphrase, and "as Einstein has pointed out" makes it unclear whether Einstein said this personally to Barrett or Barrett was recalling a quote of Einstein's he'd seen elsewhere. In any case, the interview was republished in a book of the same title, and Einstein wrote a foreword which praised Barrett's work on the book, so it's likely he read the quote about common sense and at least had no objection to it, whether or not he recalled making the specific comment.
Unsourced variant: Common sense is the collection of prejudices acquired by age eighteen.
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“Common sense is the collection of prejudices acquired by age eighteen.”
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Albert Einstein 702
German-born physicist and founder of the theory of relativi… 1879–1955Related quotes
“Those who are free from common prejudices acquire others.”
Memoirs of Napoleon (1829-1831)
“The free-thinking of one age is the common sense of the next.”
God and the Bible (1875)
“This is an age in which one cannot find common sense without a search warrant.”
Column, May 9, 1996, "FDR's memorial hides character" http://articles.baltimoresun.com/1996-05-09/news/1996130096_1_memorial-felix-frankfurter-cigarette-holder at baltimoresun.com
1990s
“No woman ever ages beyond eighteen in her heart.”
“People don't like reality, they don't like common sense, until age forces it on them.”
The Ministry of Fear (1943)
“The appropriate age for marriage is around eighteen for girls and thirty-seven for men.”
Book VII, 1335a.27
Politics
“Not by age but by capacity is wisdom acquired.”
Non aetate, verum ingenio apiscitur sapientia.
Trinummus, Act II, sc. 2, line 88.
Trinummus (The Three Coins)
No. 85
The Federalist Papers (1787–1788)
Context: I should esteem it the extreme of imprudence to prolong the precarious state of our national affairs, and to expose the Union to the jeopardy of successive experiments, in the chimerical pursuit of a perfect plan. I never expect to see a perfect work from imperfect man. The result of the deliberations of all collective bodies must necessarily be a compound, as well of the errors and prejudices, as of the good sense and wisdom, of the individuals of whom they are composed.
How to Understand Politics: What the Humanities Can Say to Science (2007)