High Education, Low Returns: Financial Literacy Challenges for African Americans and Hispanics
This study highlights persistent financial literacy disparities among highly educated African American and Hispanic individuals, underscoring the limitations of education alone in overcoming structural inequalities. The findings emphasize the need for targeted policies to address systemic barriers that restrict the financial knowledge and opportunities typically associated with higher education for racial and ethnic minority groups.
Authors
- Hossein Zare (ORCID: https://orcid.org/0000-0002-5832-0854)
- Amanda Sonnega (ORCID: https://orcid.org/0000-0003-4401-0078)
- Shervin Assari (ORCID: https://orcid.org/0000-0002-5054-6250)
Institutions
- Johns Hopkins University (US)
- University of Michigan (US)
- University of Maryland Global Campus (US)
- Charles R. Drew University of Medicine and Science (US)
Publication Details
- Journal
- Open Journal of Educational Research
- Published
- 2024-11-19
- DOI
- https://doi.org/10.31586/ojer.2024.1112
- Primary Topic
- Financial Literacy, Pension, Retirement Analysis
- Type
- article
- Field-Weighted Citation Impact
- 0.00