News
Sep 24, 2015
Blacks Families with Less Give More for Higher Education, According to Duke Study
A new Duke University study released today shows that—despite a close to 19 to 1 racial difference in median wealth—black parents demonstrate an outsized commitment to using their limited resources to invest in their children’s education. And that investment pays off; bringing their children to near parity in terms of educational achievement with their white counterparts.
The new study shows black families contribute to higher education with a median net worth of only 24K while white families provide support with a much higher median net worth of more than 168K.
