Black college-educated households’ upward support cuts their net wealth by over 25 percent

Evidence

Proportionately, almost three times as many college-educated black households provide financial support for their parents as their white college-educated peers, and those transfers have a significant impact on net worth. Researchers have found that “financial transfers to parents (much more common among Black college-educated households) significantly decrease household net wealth by more than 25 percent.” — Dorothy A. Brown, The Whiteness of Wealth, 465

Categorization

• XREF: Connects to the discrimination-in-housing/credit disadvantage literature: even achieving college education does not close the racial wealth gap because of divergent intra-family duty flows.