College is not the great equalizer for black and Hispanic graduates

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 […]