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Unequal Degrees of Affluence: Racial and Ethnic Wealth Differences across Education Levels


  • William R. Emmons
  • Lowell R. Ricketts


Family wealth generally increases with education. But new research shows that race and ethnicity can greatly affect the relative payoff. There?s a gap?sometimes wide?between the wealth of Hispanics and African-Americans and the wealth of whites and Asians at every education level, from those with only a high school diploma to those with an advanced degree.

Suggested Citation

  • William R. Emmons & Lowell R. Ricketts, 2016. "Unequal Degrees of Affluence: Racial and Ethnic Wealth Differences across Education Levels," The Regional Economist, Federal Reserve Bank of St. Louis, issue October.
  • Handle: RePEc:fip:fedlre:00129

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    Cited by:

    1. Nam, Yunju, 2021. "Parents’ financial assistance for college and black-white wealth disparity," Children and Youth Services Review, Elsevier, vol. 128(C).

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