College graduates without a college-educated parent have lower incomes and less wealth, on average, than those with a parent who has a bachelor’s or higher degree.
Homeownership in America stands at its lowest level in at least 20 years. The decline has been more pronounced among households headed by young adults, blacks and those in the lower income tier.
Graduates who received a bachelor’s degree in 2008 borrowed 50% more than their counterparts who graduated in 1996, while graduates who earned an associate’s degree or undergraduate certificate in 2008 borrowed more than twice what their counterparts in 1996 had borrowed.