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May 17, 2021

First-Generation College Graduates Lag Behind Their Peers on Key Economic Outcomes

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First-Generation College Graduates Lag Behind Their Peers on Key Economic Outcomes
Outcomes are different for adults with and without a college-educated parent
Adults with parents who are college graduates are more likely to attain a bachelor’s degree
The educational gains associated with having a college-educated parent are widespread
For those who attended college, the type of school they went to varies by parental education
Among household heads with at least a bachelor’s degree, household incomes are higher for those with a parent who is a college graduate
College grads with a parent who is a college graduate are more likely to complete an advanced degree
Among household heads with at least a bachelor’s degree, wealth is higher for those with a college graduate parent
College graduates with a parent who is also a college graduate are less likely to incur education debt
Households headed by a person with a parent who is a college graduate are more likely to receive an inheritance
Parental education is related to the inheritance the household expects to receive

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