A Good Piece to Read!! “Family Achievements?”: How a College Degree Accumulates Wealth for Whites and Not For Blacks.
“Family Achievements?”: How a College Degree Accumulates Wealth for Whites and Not For Blacks By: Tatjana Meschede, Joanna Taylor, Alexis Mann, and Thomas Shapiro A college education has been linked to higher life-time earnings and better economic achievements, so the expectation would be that it is also linked to higher net wealth for everybody. However, recent analyses challenge this hypothesis and find that the expectation holds true for White college-educated households but not for Black college-educated households. To examine this finding further and investigate the role of family financial transfers in household net wealth, the authors perform a mixed-method study using data from the Panel Study of Income Dynamics for a 24-year period, 1989-2013, and qualitative data from the Institute on Assets and Social Policy Levering Mobility study. Their results confirm that White college-educated households amass wealth, whereas the wealth of their Black counter