- Sep 12, 2009
- 6,840
- 3,594
Economists emphasize that college-educated blacks and Hispanics over all earn significantly more
and are in a better position to accumulate wealth than blacks and Hispanics who do not get degrees.
Graduates’ median family income in 2013 was at least twice as high, and their median family
wealth (which includes resources like a home, car and retirement account) was 3.5 to 4 times
greater than that of nongraduates. But while these college grads had more assets, they suffered
disproportionately during periods of financial trouble.
From 1992 to 2013, the median net worth of blacks who finished college dropped
nearly 56 percent (adjusted for inflation). By comparison, the median net worth of
whites with college degrees rose about 86 percent over the same period, which
included three recessions — including the severe downturn of 2007 through 2009, with its
devastating effect on home prices in many parts of the country. Asian graduates did even better,
gaining nearly 90 percent.
http://breakingbrown.com/2015/08/from-1992-to-2013-the-median-net-worth-of-blacks-
who-finished-college-dropped-nearly-56/
and are in a better position to accumulate wealth than blacks and Hispanics who do not get degrees.
Graduates’ median family income in 2013 was at least twice as high, and their median family
wealth (which includes resources like a home, car and retirement account) was 3.5 to 4 times
greater than that of nongraduates. But while these college grads had more assets, they suffered
disproportionately during periods of financial trouble.
From 1992 to 2013, the median net worth of blacks who finished college dropped
nearly 56 percent (adjusted for inflation). By comparison, the median net worth of
whites with college degrees rose about 86 percent over the same period, which
included three recessions — including the severe downturn of 2007 through 2009, with its
devastating effect on home prices in many parts of the country. Asian graduates did even better,
gaining nearly 90 percent.
http://breakingbrown.com/2015/08/from-1992-to-2013-the-median-net-worth-of-blacks-
who-finished-college-dropped-nearly-56/