Magazine article Diverse Issues in Higher Education

Eliminating Wealth Gaps

Magazine article Diverse Issues in Higher Education

Eliminating Wealth Gaps

Article excerpt

If policymakers want to eliminate the wealth gap between White households and those of people of color, they could start by focusing on equalizing college graduation rates and the return on a college degree that graduates get, according to a new study. The Racial Wealth Audit, performed by Demos, a public policy group, and the Institute for Assets and Social Policy at Brandeis University, looked at the monetary benefits of eliminating such higher education disparities.

If Black students graduated at the same rate as White students, the wealth gap between Black and White households would fall by 1 percent, and median Black wealth would grow by about $1,300. Hispanics would see an even greater benefit, shrinking the wealth gap by 3 percent and increasing their median wealth by approximately $3,500. …

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