Skip to content

MarketWatch

STUDENT DEBT IS FUELING THE BLACK-WHITE WEALTH GAP — AND PURSUING A COLLEGE DEGREE HAS BECOME ‘RACIALIZED,’ THIS PROFESSOR SAYS. Over the past several years, policymakers and pundits have gained a greater understanding of the disproportionate impact the nation’s debt-based college finance system has on Black families and borrowers

That’s thanks in part to Fenaba Addo, an associate professor of consumer science at the University of Wisconsin-Madison who studies debt and its role in racial wealth inequality. Addo’s research has shown, among other things, that the gap in student debt held by Black and white borrowers grows by 6.8% each year. As a result, Black young adults hold 10.4% less wealth on average than their white counterparts due to student debt. 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: