Quote (AspenSniper @ Apr 20 2017 08:31am)
Per Washington Post:
Asian - 88%
White - 86%
Hispanic - 73%
Black - 69%
Why do Blacks and Hispanics have lower graduation rates compared to Asians and Whites?
Is it income based of parents?
Is it cultural?
Curious what this forum thinks.
In that case scenario, yes it is only related to bad parenting. Their previous education will in many cases create an enormous impact to their kids.
-The Brookings study found that only 49 percent of black, college-educated women marry men with at least some post-secondary education, compared with 84 percent of white, college-educated women.
Since education is so closely tied to income, a household with two college graduates is overwhelmingly likely to make more income than a household with only one college graduate. More white and Asian couples fit this pattern. They pool more resources and hold onto their nest egg into retirement and black couples are more likely to divorce than others.
There are many additional reasons that stable married couples accumulate wealth. Family members are more likely to loan and donate money to a son-in-law, say, than to a live-in boyfriend. Husbands and wives complement one another in wealth strategies (men tend to be risk-takers, women tend to be cautious). Married couples are healthier and miss fewer days of work. Married men seem to be more motivated to get jobs and promotions than singles. These are just some of the dozens of factors.
The Hispanics do great in regards to familial cases, the problem is that a large percentage had a lack of responsibility financially which pushed their kids to drop out of school and work. However, the drop-out percentage has gone down significantly since 1993 .
This post was edited by CitroenC7 on Apr 20 2017 10:38pm