An ambitious graduate standing on books over an abstract sky background. The graduate and the background are on separate labeled layers. Earning a college degree is supposed to be a pathway to higher wages, greater wealth and protection from economic shocks. But for millions of African American and Hispanic graduates, higher education has failed to serve as a buffer against financial crises.
A new study from the Federal Reserve Bank of St. Louis found that while college-educated African Americans and Hispanics had more assets than those without degrees, grads typically fared worse in the face of financial turmoil.
College graduation and […]