Federal Reserve Study: College Degrees for Minorities No Guarantee of Raising Income

Campus Reform with more on the study:

The report released this month by the Federal Reserve Bank of St. Louis poses the question, “Why didn’t higher education protect Hispanic and black wealth?” in response to the finding that college graduates in those communities experienced far greater economic declines during the recent recession than did those without a college degree.

Among Hispanics, the median net worth of college graduates fell 71.9 percent between 2007 and 2013, while non-grads lost 41.2 percent over the same period. For blacks, the figures are 59.7 percent and 37.3 percent, respectively.

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